ICE Mortgage Technology

FirstClose Equity is now integrated with Encompass® by ICE Mortgage Technology™

In February 2023, FirstClose Equity became an approved integration of ICE Mortgage Technology’s Encompass® loan origination system (LOS). Through the new integration, Encompass users can seamlessly originate HELOCs and home equity loans within their LOS and complete the application through closing process in five to ten days versus the industry average of 45 to 60 days.

FirstClose continues to be the only company providing a platform built solely for home equity, which is why it’s smarter, better, and faster than any other solution on the market.

Home equity lending made a comeback in 2022 and is expected to be a significant growth opportunity for the foreseeable future and our integration with ICE Mortgage Technology’s platform will give Encompass users a simple, efficient way to either enter this market or to differentiate themselves by significantly improving the customer experience that they are offering.

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FirstClose Equity

At a time when origination costs have reached a new high, no one can afford more inefficiencies that further compress margins, especially in the home equity space. The way to overcome inefficiencies and mitigate margin compression is through automation.

Private-Label Solution

Including a unique borrower experience with single sign on, workflow, and customized branding including domain.

Point-of-Sale

That gives consumers instant online feedback on their home valuation, available home equity, loan options and delivers credit decisions in minutes.

Advanced Decisioning Engine

Delivering title and credit decisions in minutes.

Borrower Portal

Enables consumers to provide consents, upload needed documents, interact with originators, select loan terms and draw amounts and complete their closing by signing preference (wet signature, hybrid, IPEN, and RON are all supported).

Automated Workflows

Including the ordering of all settlement services.

Recordation

With the option to eRecord, record offline or a hybrid of the two.

Encompass will continue to be the system of record because all data is secured through the LOS and stored there. Each call to action initiates a data map and an audit trail to Encompass.

HELOC, HEL & Combinations

Supports a wide range of loan types, such as HELOC, HEL and a combination.

Customizable & Configurable

Offers customizable templates and highly configurable business rules tailored to your specific needs.

Access Up-to-Date Borrower Info

Leverages the EPPS integration with third party credit vendors to access the most up-to-date credit information for the borrower.

Choose Your Signing Method

Allows you to choose from a variety of signing methods, including IPEN, RON and Hybrid, which are all compliant with state regulations and lender guidelines.

Streamlined Experience

Streamlines your processor’s experience and the borrowers they support.

Always Improving

Uses customer feedback from banks and credit unions for continuous improvement.

FirstClose Equity

If you want an all-in-one turnkey solution that delivers more home equity business with an enhanced customer experience, FirstClose Equity is where it’s at.

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A customer testimonial about our mortgage technology solutions software

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