Colorado Housing and Finance Authority (CHFA)
Leverages Encompass® Investor Connect™ and AIQ™ for Automated Loan
Delivery and Document Recognition
ICE Mortgage TechnologyTM, part of Intercontinental Exchange,
Inc. (NYSE: ICE), a leading global provider of data, technology and
market infrastructure, today announced that Colorado Housing and
Finance Authority (CHFA) has integrated Encompass Investor Connect
and AIQ into its technology, enabling faster and easier loan
delivery and funding.
“We’re thrilled to support organizations like CHFA and the work
they do for Colorado homebuyers,” said Parvesh Sahi, Senior Vice
President of Business and Client Development at ICE Mortgage
Technology. “We’re excited when organizations like CHFA leverage
our automation and artificial intelligence solutions to increase
their efficiency and help more consumers get into homes faster in
the affordable housing space.”
Encompass Investor Connect provides a seamless, system-to-system
delivery, directly from Encompass to CHFA, eliminating the need for
lenders to locate, save, and deliver data and documents that are
already in their system. Lenders can go to their loan pipeline,
select CHFA, and deliver files immediately. In 2021’s fourth
quarter, CHFA intends to expand this capability to all of its home
finance lending partners who use Encompass.
“CHFA is excited to be the first HFA to automate loan delivery
and acquisition using ICE Mortgage Technology,” said Dan McMahon,
CHFA home finance director. “This provides significant efficiencies
and more robust capabilities. Faster loan delivery, acquisition,
and review translates to a better experience for the lenders we
work with and the homebuyers we serve.”
“As soon as CHFA introduced us to ICE Mortgage Technology’s
Investor Connect, we were excited,” said Brad Groves, CEO of
Universal Lending Corporation. “Encompass Investor Connect and AIQ
are truly the most efficient delivery processes we have
experienced, and the learning curve was a breeze. We’re hoping to
begin using this delivery method in the future with our other
Correspondent Investors.”
With the addition of AIQ, CHFA has further automated the process
by using artificial intelligence and machine learning to
automatically extract, recognize, and identify data and documents.
These technologies improve productivity, efficiency, and reduce
risk. As the first state HFA to deploy loan acquisition with
Encompass Investor Connect and AIQ, CHFA is leading the way in
delivering better automation, intelligence, and compliance to
accelerate the loan process for lenders and homebuyers.
About ICE Mortgage Technology
ICE Mortgage Technology combines technology, data and expertise
to help automate the mortgage process, from consumer engagement
through loan registration, and every step and task in between. ICE
Mortgage Technology is the leading cloud-based loan origination
platform provider for the mortgage industry, with solutions that
enable lenders to originate more loans, lower origination costs,
and reduce the time to close, all while ensuring high levels of
compliance, quality and efficiency. Visit icemortgagetechnology.com
or call (877) 355-4362 to learn more.
About CHFA
CHFA strengthens Colorado by investing in affordable housing and
community development. Created in 1973, CHFA invests in affordable
homeownership, the development and preservation of affordable
rental housing, and helps small- and medium-sized businesses access
capital. CHFA also provides education and technical assistance
regarding affordable housing and economic development. CHFA is a
self-sustaining public enterprise. CHFA issued debt is not the
obligation of the state. For more information about CHFA please
visit chfainfo.com, call its Denver office at 1.800.877.chfa
(2432).
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate exchanges,
including the New York Stock Exchange, and clearing houses that
help people invest, raise capital and manage risk across multiple
asset classes. Our comprehensive fixed income data services and
execution capabilities provide information, analytics and platforms
that help our customers capitalize on opportunities and operate
more efficiently. At ICE Mortgage Technology, we are transforming
and digitizing the U.S. residential mortgage process, from consumer
engagement through loan registration. Together, we transform,
streamline and automate industries to connect our customers to
opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for certain
products covered by the EU Packaged Retail and Insurance-based
Investment Products Regulation can be accessed on the relevant
exchange website under the heading “Key Information Documents
(KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2020, as
filed with the SEC on February 4, 2021.
© 2021 ICE Mortgage Technology, Inc. All rights reserved.
Encompass® and the ICE Mortgage Technology logo are trademarks of
the entities of ICE Mortgage Technology, Inc.
Source: Intercontinental Exchange
ICE-CORP
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220118005087/en/
PRESS CONTACTS
Sara Holtz ICE Mortgage Technology (925) 227-2193
sara.holtz@ice.com
Jenny Gendron ICE Mortgage Technology (925) 227-3490
jenny.gendron@ice.com
Megan Herrera CHFA (303) 297-7407 mherrera@chfainfo.com
ICE INVESTOR RELATIONS CONTACT
Mary Caroline O’Neal marycaroline.oneal@ice.com (770) 738 2151
investors@ice.com
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From Apr 2023 to Apr 2024