In The News

Integration Enables Lenders To Deliver Accurate Loan Comparisons

Mortgage Coach, a borrower conversion platform empowering mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time, today announced an advanced integration with ICE Mortgage Technology, part of Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology and market infrastructure. Mortgage Coach has leveraged Encompass Developer Connect APIs (application programming interfaces) so lenders can deliver information-rich Total Cost Analysis (TCA) loan comparison data to borrowers automatically and easily.

The Mortgage Coach platform helps lenders engage borrowers in the home financing process with digital TCA presentations that deliver an interactive comparison of how mortgage strategies perform over time. The integration enables lenders to instantly generate accurate and compliant TCA presentations for every loan record managed in Encompass via a secure, single sign-on user experience.

Mortgage Coach is the inaugural “borrower conversion” solution available through the ICE Mortgage Technology Marketplace, which is used by thousands of mortgage lenders who use Encompass as their loan origination system (LOS) to increase borrower commitment.

Guaranteed Rate, one of America’s top-five retail mortgage lenders, is the first to leverage the enhanced Mortgage Coach integration with ICE Mortgage Technology’s Developer Connect APIs.

“Guaranteed Rate typically builds its own technology and partners with only a small set of elite innovators such as ICE Mortgage Technology and Mortgage Coach,” said Paul Anastos, chief innovation officer at Guaranteed Rate. “We understand that innovative technology enables our team to provide consumers with an unparalleled home financing experience. For years, Mortgage Coach TCAs have helped our team deepen engagement with homebuyers with easy-to-follow home financing advice. Mortgage Coach’s partnership with ICE Mortgage Technology will make it easier than ever for our loan originators to meet the long-term financial goals of our clients.”

“Mortgage Coach is committed to earning borrower confidence through transparency and education. Lenders convert that confidence into repeat transactions, referrals, and lifetime brand loyalty at scale, capturing every fundable opportunity,” said company President Joe Puthur. “Our partnership with ICE Mortgage Technology enables any lender leveraging Encompass to add access to the benefits of our TCA platform. This innovation provides a new simple method to help millions of additional borrowers make a more confident and informed mortgage decision.”