The Work Number® Enhances Instant Verifications Service Leveraging ICE Mortgage Technology's Encompass® Platform
For lenders actively embracing digital processes, the new Encompass integration built on the Partner Connect API platform offers mortgage-specific verification solutions from The Work Number database, including Mortgage Ultimate™, Employment Select™ and All Employers within 24 Months™. Designed to help streamline the process for lenders who are originating and pulling secondary verifications, each solution is tailored to help meet specific needs within the mortgage loan origination process.
"We are thrilled to be working with ICE Mortgage Technology on this new API-based integration," said
The Work Number database, which was the first designated third-party provider of income and employment verifications for the government-sponsored enterprises (GSEs), gives credentialed mortgage lenders with permissible purpose the ability to quickly and securely tap into more than 500 million employee records, including more than 125 million active records, from over two million employers. By leveraging ICE Mortgage Technology's latest Partner Connect API platform, lenders can continue to build efficiency into their digital originations with Automated Service Ordering (ASO), which offers lenders the ability to build customizable order settings for verifications based on business rules where permissible purpose exists. Prospective homebuyers can also reap the benefits of the new integration, since The Work Number verifications help reduce the amount of documentation they have to pull together for a loan application.
The new Encompass Partner Connect platform and verification product's flexibility enable lenders to deliver a seamless, low-friction digital lending experience. Lenders using Encompass can now choose the new API experience and The Work Number mortgage verification solutions.
To learn more about mortgage verifications via The Work Number database, please visit here.
ICE Mortgage Technology combines technology, data and expertise to help automate the mortgage process, from consumer engagement through loan registration, and every step and task in between. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry, with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring high levels of compliance, quality and efficiency. Visit icemortgagetechnology.com or call (877) 355-4362 to learn more.
ABOUT INTERCONTINENTAL EXCHANGE (ICE)
Intercontinental Exchange, Inc. (ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange (ICE), ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. (ICE) and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended
ABOUT EQUIFAX INC. (EFX)
At Equifax (EFX) , we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in
For more information:
mediarelations@equifax.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/the-work-number-enhances-instant-verifications-service-leveraging-ice-mortgage-technologys-encompass-platform-301469181.html
SOURCE Equifax Inc. (EFX)