Integration gives TPO Connect users simplified access to more loan products supporting more borrowers
November 4, 2021 – St. Louis, Missouri – LoanNEX, a provider of innovative pricing and eligibility technology specializing in non-agency products, announces its integration with ICE Mortgage TechnologyTM part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure. LoanNEX is a newly approved pricing and eligibility platform integrated with Encompass ® TPO Connect, a fully configurable web-based portal that empowers lenders to effortlessly collaborate with their wholesale and correspondent channels to originate loans faster, stay compliant, and maximize the profitability of every loan.
As the surging secondary market continues to expand with new loan products, LoanNEX is setting a new standard for how mortgage originators access and navigate mortgage options for non-traditional borrowers, placing sophisticated pricing and eligibility technology with bi-directional collaboration tools on the same platform. LoanNEX is currently available to more than 3,500 mortgage originators to process more than 10,000 loans per month through more than 30 investor partners.
Featuring an intuitive and collaborative web interface, LoanNEX combines innovative pricing and eligibility technology with secondary marketing services to streamline the discovery and decisioning process between borrowers, lenders and investors. LoanNEX also screens more than 100 borrower attributes, providing third party originators with access to many non-QM loan options not available with traditional product and pricing engines (PPEs).
“In today’s expanding market, it is critical for lenders to be able to price loans for any borrower,” said Eloise Schmitz, co-founder and CEO of LoanNEX. “Our partnership with ICE Mortgage Technology makes it easier for correspondent sellers and wholesale brokers to discover new loan options, price loans accurately, and collaborate directly with their partners to grow their business.”
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.
LoanNEX is an innovative web-based pricing and eligibility platform that simplifies the discovery of residential mortgage options for non-traditional borrowers. LoanNEX provides originators with unprecedented access to a wider number of loan products than most product and pricing engines, including all kinds of non-QM products. Over 3,500 originators and 30 investors currently use the platform to price more than 10,000 loans every month. The system’s open-architecture application program interface (API) enables lenders and investors to easily integrate LoanNEX directly into their workflows for quick access to their originators and brokers. For more information, visit www.loannex.com, or contact the company at 314-833-6464.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: 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 block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. 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 December 31, 2020, as filed with the SEC on February 4, 2021.