IRWIN, California – (BUSINESS WIRING) – CoreLogic, a leading global provider of real estate data and analytics solutions today announced a corporate agreement with ICE Mortgage Technology ™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, to support the company’s commitment to providing truly digital mortgages for mortgage lenders and their borrowers. To realize this shared vision of improving the mortgage manufacturing process, CoreLogic will leverage Encompass Partner Connect ™ in ten fundamental CoreLogic solutions to update mission-critical data-driven processes and make these solutions available to thousands of common customers on the ICE Mortgage Technology ™ Platform.
Through the collaboration, ICE will provide its customers with the ability to automate the ordering of CoreLogic services, initially by automating the workflow in Encompass. In addition, ICE will provide APIs for these services, so lenders can deploy ordering services across all ICE solutions, including Consumer Connect, TPO Connect, and other systems. These automation capabilities will extend to appraisals, credit reporting, borrower verification solutions, income analysis, flood control solutions, fraud and risk mitigation, automated valuation models, and property rights management services – on the ICE Mortgage Technology Platform, delivering a fully optimized and automated workflow.
“The customer first relationship between CoreLogic and ICE Mortgage Technology continues to evolve,” said Mike Mitchell, executive director of business development at CoreLogic. “Upgrading the integration of our core solutions on the ICE Mortgage Technology Platform through Encompass Partner Connect will enable common customers to take advantage of new features such as automated service ordering, data processing and a more streamlined user experience. This relationship is incredibly beneficial for both CoreLogic customers and ICE Mortgage Technology as it helps mortgage lenders and their borrowers gain access to the next generation of ordering and fulfilling services. ”
“Our focus is on automating the entire workflow to provide the best experience for consumers, but also for our clients as we help them reduce the overall cost of issuing or obtaining a loan, and this is a common priority for CoreLogic,” said Parvesh Sakhi, Senior Vice President -President for Business and Client Development, ICE Mortgage Technology. “By automating the ordering of the wide range of solutions that CoreLogic offers on our platform, we will make it easier for our customers to create or receive additional loans at a lower cost and in no time.”
About the 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 for major asset classes that offer our clients access to critical workflow tools that increase transparency and operational efficiency. We are working exchanges, including New York Stock Exchange, and clearing houses that help people invest, raise capital, and manage risk across multiple asset classes. Our total fixed income data transmission services and Execution Capabilities provide information, analytics, and platforms that help our clients capitalize on opportunities and work more effectively. V Mortgage technologies ICE, we are transforming and digitizing the U.S. home mortgage lending process, from consumer engagement to loan registration. Together, we transform, optimize and automate industries to empower our customers.
Trademarks of ICE and / or its subsidiaries include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Intercontinental Exchange, Inc. Additional Trademark and Intellectual Property Rights Information and / or its subsidiaries located here… Key information documents for certain products subject to the EU Package Retail and Insurance Investment Products Regulation can be accessed on the exchange’s respective website under the heading Key Information Documents (KIDS).
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 – Non-historical statements in this press release regarding ICE’s business are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, please refer to ICE Securities and Exchange Commission (SEC) documents, including but not limited to risk factors in the Annual Report ICE. Form 10-K report for the year ended December 31, 2020 filed with the SEC on February 4, 2021.
CoreLogic, a leading provider of real estate analytics and solutions, contributes to a healthy housing market and thriving communities. With its advanced real estate solutions, services and technologies, CoreLogic empowers real estate professionals, financial institutions, insurance companies, government agencies and others in the housing market to help millions of people find, buy and protect their homes. For more information please visit www.corelogic.com…
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