Floify To Integrate With ICE Mortgage Technology’s Encompass eClose Mortgage Solution
Floify, a point-of-sale solution in the mortgage industry and subsidiary of Porch Group, Inc. (NASDAQ: PRCH), will integrate with Encompass eClose through ICE Mortgage Technology, part of Intercontinental Exchange, Inc. (NYSE: ICE), a provider of data, technology and market infrastructure. This integration enables customers to leverage Encompass to drive quality and efficiency in the loan origination process.
“eClose is fundamentally changing the borrower’s experience by providing a single, intuitive path from application to closing,” said Parvesh Sahi, Senior Vice President of Business and Client Development at ICE Mortgage Technology. “We recognize the importance of enabling all borrowers to benefit from this improved experience and so we are integrating our Encompass eClose with partners like Floify, to allow everyone to achieve a digital closing, while bringing all the benefits of Encompass eClose to our joint clients.”
Floify’s integration with ICE Mortgage Technology’s Encompass eClose, will bring all the power of Encompass to its lenders while allowing borrowers to perform their work through Floify, keeping all stakeholders in the systems they normally work in, which will ease adoption. Encompass eClose enables lenders to electronically order documents, digitally collaborate with settlement agents and partners, eSign documents with borrowers, deliver electronic notes to the MERS eRegistry, electronically record, and will soon support eNotarization.
“Floify is delighted to partner with ICE Mortgage Technology to continue driving efficiency for our mutual customers,” said Floify CEO Dave Sims. “Our soon-to-be-released integration with ICE’s Encompass eClose solution will help lenders eliminate the complexity and added cost associated with managing multiple solutions. If you’re a Floify user, the rest of the process is seamlessly integrated from disclosure through closing.”
Lenders who combine ICE Mortgage Technology’s Encompass eClose integration with Floify to create a single user interface can expect to reduce their operational costs by streamlining and digitizing manual, paper-driven workflows and close loans more efficiently while providing borrowers with a superior mortgage experience.
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