Down Payment Resource, offering homebuyer assistance program data and solutions, recently announced an integration with ICE Mortgage Technology that embeds down payment assistance program support into Encompass.
The integration helps lenders make affordable home financing opportunities more accessible while growing business and forging referral partnerships, Down Payment Resource says in a release.
The new integration, which makes it easier for lenders to support homebuyers with the nation’s 2,300-plus down payment assistance (DPA) programs, uses the latest API framework from Intercontinental Exchange (ICE).
“DPA programs are crucial for promoting homeownership accessibility, particularly for first-time homebuyers, LMI homebuyers and homebuyers of color,” says Rob Chrane, founder and CEO of Down Payment Resource, in the release. “Unfortunately, most loan officers don’t pursue DPA on behalf of their clients because they don’t know about existing programs or are hesitant to try something unfamiliar.
“Embedding Down Payment Resource’s lender solutions in Encompass helps LOs overcome those apprehensions,” Chrane says. “Folding DPA functionality in the core origination gives LOs confidence that they can effectively originate DPA and make borrowers happy. We’re giving lending staff everything they need to know the moment a loan needs to be created.”