ICE Mortgage Technology says it is deploying an eVault solution for the secure storage of digital mortgages and notes based upon technology acquired from DocMagic Inc.
The technology will be integrated into ICE’s mortgage closing platform, Encompass eClose.
“By creating an end-to-end solution and further automating the mortgage closing process, we’re helping the industry transition to paperless closings and enabling more efficient processes for our customers,” says Joe Tyrrell, president of ICE Mortgage Technology.
“We acquired technology from DocMagic, who has deep experience in the mortgage space, and when this technology is integrated with our other services, Encompass eClose will enable customers to eliminate time and cost in the closing process and create better experiences for borrowers.”
