Streamloan announces integration with ICE Mortgage Technology
By Edlyn Cardoza
StreamLoan, Inc., a provider of Point-of-Sale (POS) business-boosting, LOS-integrated mortgage tools, announced that its mobile-first mortgage lending collaboration solutions is now built on web-based Encompass® and available through ICE Mortgage Technology™, part of Intercontinental Exchange, Inc., a leading global provider of data, technology, and market infrastructure. The integration drives digital workflow automation extended to lenders, borrowers, and realtors, driving speed, quality, and efficiency in the loan origination process. It also provides bi-directional integration and data flow that reduces risk and ensures all parties in a single transaction stay updated in real-time.
“Each counter-party functions in real-time at their company desk, home office, or at their kid’s soccer game,” said 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 possible. In addition, users are prompted to take the next step, which speeds up the time to close.
Lenders find their business grows rapidly when they begin offering StreamLoan’s platform, experiencing an increase in mortgage production conversion rates across retail and online channels. Time to value is fast, and StreamLoan is now launching 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,” said 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 wide range of lenders from a local branch to an enterprise with hundreds of branch offices, specializing across retail, consumer direct, and correspondent lender channels. The platform is highly configurable and customizable, allowing it to quickly, easily, and less costly adapt to the ways lenders run their business. It offers native mobile apps across both iOS and Android, in addition to a responsive web and desktop solution that means the user experience is seamless moving from one platform to another.
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