ICE's Encompass TPO Connect, is a web-based portal that gives lenders the ability to collaborate with their wholesale and correspondent channels to originate loans faster, stay compliant, and maximize the profitability of every loan, according to the company. Meanwhile, LoanNEX is currently available to more than 3,500 mortgage originators to process more than 10,000 loans per month through more than 30 investor partners.
LoanNEX combines pricing and eligibility technology with secondary marketing services to help streamline the discovery and decisioning process between borrowers, lenders, and investors. The company also screens more than 100 borrower attributes, providing third-party originators with access to many non-QM loan options not available with traditional product and pricing engines (PPEs).
“In today’s expanding market, it is critical for lenders to be able to price loans for any borrower,” said Eloise Schmitz, co-founder and CEO of LoanNEX. “Our partnership with ICE Mortgage Technology makes it easier for correspondent sellers and wholesale brokers to discover new loan options, price loans accurately, and collaborate directly with their partners to grow their business.”