Streamloan Declares Integration With Ice Mortgage Technology's Encompass Solution

Banking CIO Outlook | Friday, April 01, 2022

Fremont, CA: StreamLoan, a provider of Point-of-Sale (POS) business-boosting, LOS-integrated mortgage tools, has confirmed that its mobile-first mortgage lending collaboration solutions is now built on web-based Encompass® and accessible through ICE Mortgage Technology™, part of Intercontinental Exchange, a leading global provider of technology, data, and market infrastructure. The recent integration drives digital workflow automation extended to borrowers, lenders, and realtors, driving speed, quality as well as efficiency in the loan origination process. It also offers bi-directional integration and data flow that decreases risk and makes sure all parties in a single transaction stay up to date in real-time.

"Each counter-party functions in real-time at their company desk, home office, or at their kid's soccer game," stated StreamLoan co-founder and CEO Stephen Bulfer. "That's the kind of tech enabled lending today's borrowers and loan officers are expecting from lenders. It's really table stakes in this environment."

StreamLoan's Collaboration Suite makes this type of clear and compliant communication a reality. Besides, users are encouraged to take the next step, which expedites the time to close.

Lenders realize their business grows rapidly when they begin offering StreamLoan's platform, witnessing an increase in mortgage production conversion rates throughout retail and online channels. Time to value is faster. StreamLoan is now introducing digital storefronts for lenders in weeks.

"Our customers notice that while some players in this space spent development time on shiny objects, StreamLoan has spent its time sweating the details developing the functional areas that have a meaningful impact on our lenders' businesses," remarked Bulfer. "Importantly, our integration with ICE Mortgage Technology is of such high quality, we can stand up new customers in a matter of weeks, without an army of lender IT resources, quickly unlocking new growth potential from the lender's existing digital investment in ICE Mortgage Technology."

StreamLoan can service a vast range of lenders from a local branch up to an enterprise with many branch offices, specializing across consumer direct, retail, and correspondent lender channels. The platform is highly customizable, which allows the platform to easily, quickly, and less costly adapt to the ways lenders run their business. It also offers native mobile apps across both Android and iOS, in addition to a responsive web and desktop solution that means the user experience is seamlessly moving from one platform to another.

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