The mobile-first mortgage lending solution from StreamLoan Inc., a provider of point-of-sale (POS), LOS-integrated mortgage tools, is now built on Encompass and available through ICE Mortgage Technology, part of Intercontinental Exchange Inc.
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,” says Stephen Bulfer, StreamLoan co-founder and CEO. “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 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,” adds 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 range of lenders from a local branch up to an enterprise with hundreds of branch offices, specializing across retail, consumer direct and correspondent lender channels. The platform is highly configurable and customizable, which allows the platform 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.