Mortgage Coach has integrated with ICE Mortgage Technology to enable lenders to deliver accurate loan comparisons to borrowers. This is done by Mortgage Coach utilizing the Encompass Developer Connect application programing interface (APIs) so lenders can deliver information-rich Total Cost Analysis (TCA) loan comparison data to borrowers automatically and easily, the company stated in a release. It is the inaugural “borrower conversion” solution available through the ICE Mortgage Technology Marketplace.
The integration helps lenders by providing digital TCA presentations that deliver an interactive comparison of how mortgage strategies perform over time. Lenders are able to instantly generate accurate and compliant TCA presentations for every loan record managed in Encompass via a secure, single sign-on experience.
“Mortgage Coach is committed to earning borrower confidence through transparency and education,” Mortgage Coach President Joe Puthur said. “Lenders convert that confidence into repeat transactions, referrals, and lifetime brand loyalty at scale, capturing every fundable opportunity.
“Our partnership with ICE Mortgage Technology enables any lender leveraging Encompass to add access to the benefits of our TCA platform. This innovation provides a new simple method to help millions of additional borrowers make a more confident and informed mortgage decision.”
One of the first retail mortgage lenders to leverage the Mortgage Coach/ICE Mortgage Technology integration was Guaranteed Rate.
“Guaranteed Rate typically builds its own technology and partners with only a small set of elite innovators such as ICE Mortgage Technology and Mortgage Coach,” Paul Anastos, Guaranteed Rate chief innovation officer, said. “We understand that innovative technology enables our team to provide consumers with an unparalleled home financing experience.
“For years, Mortgage Coach TCAs have helped our team deepen engagement with homebuyers with easy-to-follow home financing advice. Mortgage Coach’s partnership with ICE Mortgage Technology will make it easier than ever for our loan originators to meet the long-term financial goals of our clients.”