Federal Credit Union First Tech Selects ICE Mortgage Technology Comprehensive Pricing Product and Service to Optimize Automation and Scale

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PLISENTON, California – () –Mortgage technologies ICETM, part of Intercontinental Exchange, Inc. (NYSE: ICE), the world’s leading provider of data, technology and market infrastructure, today announced that First Tech Federal Credit Union, one of the nation’s leading credit unions, has selected ICE Mortgage Technology’s Encompass®. Product and Pricing Service (EPPS) to improve automation, compliance and scalability, and meet the requirements of more than 720,000 credit union members.

“ICE Mortgage Technology’s Encompass product and pricing service enables First Tech to leverage pricing and participation in its own environment within Encompass,” said Joe Tyrrell, President of ICE Mortgage Technology. “This means that they can not only optimize their processes, access updated features and tune areas that are vital to their individual success, but they can do it all in a single system with data accuracy and consistency.”

EPPS, a robust product pricing engine that is integrated into the ICE Mortgage Technology Platform, allows users to accurately select and evaluate suitable loan products, automatically track loan changes and ensure reliable communication throughout the loan life cycle, which reduces lending risk. process.

“Relentless operational efficiency is the vision of First Tech’s Home Mortgage Lending business,” said Bruce Dickinson, senior vice president of Home Mortgage Lending at First Tech Federal Credit Union. “The market and our members will continue to demand elegant looks for mortgage applications, transparency and precision in the process, and faster completion of real estate transactions. Encompass’ Product and Pricing Service is helping FCC First Tech better prepare itself to meet these challenges and requirements for future success. ”

In addition to having EPPS already integrated into Encompass and reducing the risk of data integration issues, other key differentiators for First Tech opting for ICE Mortgage Technology Encompass product and pricing service include full support for Home Equity Credit Line (HELOC) products. , allows you to customize configurations managed by the First Tech Encompass Administrators group, and is customizable for First Tech policies with business rules and loan templates.

For more information on Encompass products and pricing services visit www.icemortgagetechnology.com/epps

ICE Mortgage Technology brings together technology, data and expertise to help automate the mortgage process, from consumer interactions to loan registration, and all the milestones and tasks. ICE Mortgage Technology is a leading provider of cloud-based lending platforms for the mortgage industry, offering solutions that enable lenders to disburse more loans, lower lending costs and shorten closing times, while delivering high levels of compliance, quality and efficiency. … Visit icemortgagetechnology.com or call (877) 355-4362 to find out more.

About First Tech Federal Credit Union

Federal Credit Union First Tech is a $ 14 billion organization headquartered in San Jose, California. It is the nation’s premier credit union serving the world’s leading technology companies and their employees, including HP Inc., Hewlett Packard Enterprise, Microsoft, Agilent, Intel, Cisco, Amazon, Nike, Intuit, Google, and more. First Tech is recognized as the industry catalyst for providing easy access to banking for over 720,000 members through 32 branches, over 5,600 CO-OP general branches, 30,000 CO-OP network ATMs and online platforms. First Tech offers a full range of financial services including traditional banking, online banking, mortgages, financial planning, a variety of consumer loans and insurance services. Federally insured by the NCUA. Equal housing lender. For more information visit www.firsttechfed.com

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, as well as 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. IN 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 specific 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.

© 2021 ICE Mortgage Technology, Inc. All rights reserved. Encompass® and the ICE Mortgage Technology logo are trademarks of ICE Mortgage Technology, Inc.

Source: Intercontinental Exchange.

ICE-CORP



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