Last year, customers filed nearly 28,000 complaints against mortgage firms with the Consumer Financial Protection Bureau. In a new blog, Laura Hunter, our Portfolio Manager for Customer Experience and Interaction, breaks down where in the servicing life cycle customers were frustrated the most, and explores how servicers can use that data to deliver the experience consumers are asking for. Read the blog here: https://lnkd.in/e2h33Jcc
About us
At ICE Mortgage Technology, we’re moving the mortgage industry forward, driving business growth and connecting more people to homeownership. As part of Intercontinental Exchange (NYSE:ICE), we’re dedicated to transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship.
- Website
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https://www.icemortgagetechnology.com/
External link for ICE Mortgage Technology
- Industry
- Software Development
- Company size
- 1,001-5,000 employees
- Headquarters
- Pleasanton
- Type
- Public Company
- Specialties
- eClose, Digital Mortgage, URLA, Automation, AI, Housing Data, Millennial Data, Mortgage Lending Software, Loan Origination Software, Loan Origination Systems, eClosing, Artificial Intelligence, Loan Closing, Loan Origination Technology, Data, Lead Generation, Lead Management, and Loan Servicing Systems
Locations
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Primary
Pleasanton, US
Employees at ICE Mortgage Technology
Updates
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"It's really something we've been working for and striving for as an industry for almost more than a decade, and the final pieces of the infrastructure are moving into place," - Christopher McEntee, VP of Product and Corporate Development at ICE Mortgage Technology Read the below National Mortgage News article to learn more about how Rocket Mortgage partnered with the MERS® team to close their first mortgage securitization with eNotes.
A Rocket Mortgage securitization is the first private investor deal with a high share of e-notes, and the company is considering use with another loan product type. #mortgages
Are e-notes about to take off in private label RMBS?
National Mortgage News on LinkedIn
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ICE Mortgage Technology reposted this
In mortgage markets, ICE’s data science capabilities can provide deep analysis across the entire life of a loan. Across asset classes, we’re offering access to new and broader data sets to help clients redefine how challenges are met and opportunities are seized. Watch the full video with ICE’s Varun Pawar, Julian Grey, Satish Vedantam and Carling Hay: https://lnkd.in/emet9GCR
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Last month, federal regulators published new quality control standards for automated valuation models (AVMs) to help support fair lending practices and non-discrimination in real estate property valuations. Now is the time for lenders to get ready. RSVP for our webinar on Tuesday, July 16, and join the discussion as our valuations experts cover: • Why the new standards? • What is required of lenders? • How will the standards impact your business? • How to best implement the standards Register now: https://lnkd.in/eFdz3K_e?
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We continue to innovate within Encompass to support the evolving needs of the lending community and today's homebuyers. Some of our latest enhancements include: ✔ Unlocking unparalleled lead generation and management ✔ Streamlining document management ✔ Transforming the underwriting process ✔ Automating disclosures Read our recent blog to learn more: https://lnkd.in/g5jpSR9W
What’s new in Encompass: Driving efficiencies through innovation | Blog | ICE Mortgage Technology
icemortgagetechnology.com
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New lender requirements for reconsiderations of value (ROVs) are set to take effect at the end of August. In this article featured in Mortgage Bankers Association NewsLink, our Vice President of Digital Valuation Solutions John Holbrook explores the new GSE, FHFA and HUD policies, and how they will help support a fair and sound property valuation process. Read more here: https://lnkd.in/eDr6SWXr
GSEs, FHFA, HUD Implement ROV Requirements-What Lenders Need to Know: ICE's John Holbrook - MBA Newslink
https://newslink.mba.org
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ICE Mortgage Technology reposted this
You love to see this as we celebrate the 4th of July. More heroes are reducing their monthly expenses through available refinance programs. Data from the latest ICE Mortgage Monitor report shows that VA loans have accounted for more than 30% of rate/term related rate locks in recent weeks. That’s up from less than 10% at this same time last year. The average veteran who refinanced a VA loan in April saw a 1.02 percentage point reduction in rate and lowered their monthly P&I payments by an average of $231, with the ICE U.S. VA 30-Year fixed rate mortgage index now down nearly a full percentage point from its peak last October. Keep in mind, the data shows loan balances and loan-to-value ratios climbing through such transaction suggesting that borrowers are buying down their rate and financing closing costs to reduce monthly expenses — trading equity for a better monthly cashflow. Thank you to all who have served and who continue to serve. Happy Fourth!
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“As of May, 24% of homeowners with mortgages now have a current interest rate of 5% or higher,” said Andy Walden, VP of Enterprise Research Strategy at ICE. “As recently as two years ago an astonishing nine of every 10 mortgage holders were below that threshold." Read the latest ICE Mortgage Monitor to see the dynamics at play as the market gradually shifts toward higher average rates: https://lnkd.in/eNJaGWRW
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Join us in congratulating Cecilia Choy for being named a HousingWire 2024 Women of Influence! ✨ Cecilia’s leadership has been instrumental in helping ICE Mortgage Technology be recognized throughout the industry for: • Digitizing the real estate and housing finance lifecycle • Improving the homebuying experience • Making the American dream of homeownership a reality Read more about the impact of her work here: https://lnkd.in/g_Rjf9Nm Well done, Cecilia and congratulations to all the award winners!
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📢 Servicers: Are you ready when borrowers choose "build" over "buy"? Housing markets have been incredibly competitive the last several years. Rates have been high, and inventory has been low. That’s why some would-be homeowners are opting to not compete at all – and are building their homes instead. Check out our new blog that explores the three benefits for servicers who are prepared to service construction loans: https://lnkd.in/gfx_ppAZ
Laying the foundation for construction loans: 3 benefits for servicers when borrowers choose “build” over “buy” | Blog | ICE Mortgage Technology