Finicity Improves The Mortgage Verification Process With ICE Mortgage Technology



SUNNER LAKE CITY – () –Sophistication, Mastercard and a leading provider of open banking solutions, announced today that it is expanding the availability of its one-touch mortgage verification service (MVS) within Mortgage technologies ICETM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure. This integration allows borrowers to quickly and easily resolve data so that lenders can verify assets, income, and employment in a simplified interaction. Result: both parties significantly reduced order processing times and improved the quality of service to borrowers.

The confirmation can be approved by both Freddie Mac and Fannie Mae and entitles you to representation and guarantee refunds instead of the cumbersome and complicated manual loan process. As more lenders and borrowers move to digital mortgages, moving from a largely manual process to a more digital one creates an improved overall experience.

“Through the integration of MVS into Encompass® and Encompass Consumer Connect®, our goals are to reduce risks for lenders, create an overall improvement in the consumer experience, and ultimately make the mortgage process easier for everyone, helping borrowers prove their creditworthiness more secure. but in an optimized form. said Steve Smith, head of global open banking at Mastercard.

For more information on the ICE Mortgage Technology Encompass and Encompass Consumer Connect platform visit:

ICE Mortgage Technology combines our innovation and expertise to automate the entire mortgage process, from consumer acquisition to loan registration, and handles every step in between. ICE Mortgage Technology is a leading provider of cloud-based lending platforms for the mortgage industry with solutions that enable lenders to disburse more loans, lower lending costs and shorten closing times, while ensuring the highest levels of compliance, quality and efficiency. Visit or call (877) 355-4362 to find out more.

About Finicity

Sophistication, a Mastercard company, helps individuals, families and organizations make smarter financial decisions by providing secure and reliable access to fast, high-quality data. The company provides a proven and reliable open banking platform that empowers consumers to control their financial data, transforming the way we think about money in everything from budgeting and payments to investing and lending. Finicity partners with both influential financial institutions and leading financial technology providers to give consumers an edge in a complex financial world by helping to improve financial literacy, expand access to financial services, and ultimately lead to better financial results. Finicity is headquartered in Salt Lake City, Utah. To learn more or test its API, visit

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 ICEWe are transforming and digitizing the US home mortgage 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.


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