Fee Solutions
Streamline the fee management and tax data procurement process with a suite of robust, automated solutions
ICE offers a comprehensive, automated suite of fee management solutions that streamlines the fee management and tax data procurement processes during loan origination. With seamless integration of our solutions to ICE Encompass® and other loan origination systems, lenders can improve efficiencies and reduce costly errors.
Industry-leading fee solutions
ICE Fee Solutions help save time, minimize costly fee cures and improve the borrower experience by providing a single source to manage fees required for the Loan Estimate and Closing Disclosure forms.
Loan Estimate and Closing Disclosure fees
Calculates and delivers accurate recording fees, transfer taxes, lender title premiums, owner title premiums, endorsements, settlement fees and inspection fees.
Settlement Agent Gateway
Allows lenders to create their own national network of service providers for fast, easy access to fees. Settlement agents can manage their fees, certify their accuracy, and use real-time effective dating capabilities to provide their lender partners with full fee transparency.
Date-forward Calculator
Calculates future fee and transfer tax changes based on a loan’s projected closing date, minimizing the need to issue change disclosures. Provides instant property tax estimates through our Tax for Loan Estimation solution.
Tax for Loan Estimation
Provides fast, affordable nationwide property tax data for loan estimates. Also available as a standalone solution.
Enhanced fee capabilities that take preventing fee cures to the next level
With ICE Fee Solutions, lenders can protect themselves against fee cures by utilizing enhanced capabilities for fee accuracy, fee monitoring and fee cure prevention.
The following capabilities are directly integrated into our Encompass LOS to further streamline the fee management and the tax data procurement processes.
Fee Cures Dashboard
The fee cures dashboard provides detailed visibility into historical, active pipeline and on-demand loan-level fee cure data through visualizations and reporting. Enables the diagnosis of past fee cure issues, proactive adjustments to pipeline loans, timely redisclosures and automation to prevent future fee cures, ultimately helping to save time and reduce costs.
Fee Monitoring
Fee monitoring is a patented capability that monitors thousands of jurisdictional changes, automatically identifies impacted pipeline loans for 60–90 days, recalculates fees and provides alerts in near real time when a fee change is detected.
Tax for Closing Disclosure
Provides fast, affordable nationwide property tax data for closing disclosures. Can also be integrated into other loan origination software as a standalone solution.
Why use ICE Fee Solutions?
Minimize fee cures
Monitor thousands of jurisdictional changes and analyze loan pipeline to determine impacted transactions in a timely manner to minimize fee cures
Reduce manual processes
Minimize cumbersome manual processes and save time with auto population of fees for loan estimates and closing disclosures
Maintain compliance
Support compliance by helping lenders meet the TRID three-day disclosure requirement
Benefit from a proven solution
Obtain fast, highly accurate tax and fee data from a single source
Collaborate seamlessly
Implement the solution how you want for more seamless selection and collaboration with settlement agents and other service providers
Enhance borrower satisfaction
Provide a better, more efficient closing process and enhance the borrower experience
Whitepaper
Federal, state and local fee changes present challenges for lenders
Accelerating real estate fee complexity and a shifting regulatory landscape constitute a major challenge and expense for lenders. Without the right solutions in place, it can be especially difficult for lenders to stay up to date with ever-changing federal, state and local fees.
Learn more about How fee changes can directly impact lenders
Whitepaper
We take the worry out of real estate fee management
Get accurate fee data you can feel confident about throughout the loan process. Fee cures are a preventable cost and with the right solution in place, it is estimated a lender can save $1.2 million for every 1,000 loans produced by utilizing fee cure prevention measures*.
*ICE conducted an analysis on nearly 90,000 loans from eight lenders over a six-month period to find out how often fee cures happen and to quantify their expense to lenders.
Experience significant efficiencies
ICE Fee Solutions deliver a streamlined, accurate solution for lenders to obtain fee and tax data that’s essential to the loans they process. Robust integration into loan origination systems enables lenders to experience significant workflow efficiencies, reduce errors and prevent manual rework. Nationwide coverage and comprehensive information provides lenders with a single source for loan estimate and closing disclosure data.
Flood
To help you save even more time and money, we also offer ICE Flood, an automated solution that leverages FEMA, public record information, property assessment data and high-resolution images to provide cost-effective flood determinations.