Mortgage process automation is the practice of identifying time-consuming, repetitive, manual workflows and using standardized datasets as fuel to automate those tasks. Automation removes the human element from mundane tasks, allowing them to be completed in the background through automation technology, improving accuracy and freeing up staff members to focus on more important tasks.
ICE® Mortgage Analyzers™
Capture, perfect, accelerate
ICE Mortgage Analyzers is an omnichannel mortgage automation solution that automates key business processes for lenders, investors, and servicers. From day one of deployment, Mortgage Analyzers deliver compelling ROI by automating manual workflows, increasing productivity, and reducing risk.
Featured customers
Capture, perfect, accelerate
ICE Mortgage Analyzers automates the traditionally manual process of collecting loan information. Through automation, lenders can accelerate their loan review process to improve overall capacity and loan quality.
How it works
Capture
Simplifies and standardizes the collection of loan information
Perfect
Turns disparate documents into organized, consumable, and actionable data
Accelerate
Transforms operations to an exception-based workflow
Underwriting Advantages
Eliminate stare and compare activities
ICE Mortgage Analyzers helps underwriters condition and approve more loans by using intelligent document recognition and data extraction technologies that perform document review and assignment behind-the-scenes, while underwriters focus on more important tasks.
Increased lift in underwriting
Perfected Data. Automated Decisioning.
Perfected data fuels mortgage workflow automation with the ICE Mortgage Analyzers
ICE Mortgage Analyzers cross reference data elements in the LOS with data extracted from borrower documents - and any other data aggregated from third parties - for consistency, accuracy, and velocity.
The Analyzers automate key aspects of the underwriting process to create an exception-based workflow. This optimizes the underwriting and pre-underwriting FTEs (full-time equivalent) for lenders, as well as the review and validation process for investors and servicers.
ICE Income Analyzer™
Data from loan applications, paystubs, W-2s, 1040s (including schedule E), military leave, and earning statements, and other documents are captured and perfected to automate income calculations.
Frequently asked questions
What is mortgage process automation?
What is robotic process automation (RPA) in mortgage?
Robotic process automation (RPA), is the process of software bots recognizing and automating repetitive tasks through rules-based instruction. When applying RPA, repetitive tasks and human error can be eliminated, driving efficiency and profitability.
What type of mortgage documents can be processed with automation?
Common documentation regarding income verification, credit reports and other essential borrower documents required for underwriting can be analyzed through mortgage automation software, saving underwriters time, and reducing errors. This software can be engineered to analyze and process other documents, as well, using rules-based logic and robotic process automation (RPA). Using ICE Mortgage Analyzers™ and ICE Data & Document Automation™ documents can be analyzed throughout the mortgage lending process.
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Professional Services
Take your business to the next level with ICE Mortgage Technology® Professional Services
We offer customizable implementation packages, advisory consulting, custom solutions development, and project management. Our Professional Services representatives are ready to help you optimize your system and improve operational efficiencies so you can get the most out of your investment.
Customer success stories
Thousands of customers use ICE Mortgage Technology to drive business and improve efficiency through cutting-edge digitization. Learn how they leverage innovative technology to provide a high-touch, world-class customer experience.
“Our underwriters have found that the calculations of these tools are spot on, which has really built that trust in the system.”
“We've focused on automating decisions with data that's resulted in tremendous opportunity for our customers, lower churn times, better customer satisfaction scores and lower cost to originate.”
“We have business leaders coming up to us saying, 'Can you automate this for me? Can you make my work life experience better by creating technology?' Which is great.”
Resources
Learn more about how ICE Mortgage Technology® is changing the industry and stay up-to-date with the latest tools and information.
