Colorado Housing and Finance Authority (CHFA) has integrated Encompass Investor Connect and AIQ into its technology, which it says will enable faster and easier loan delivery and funding.
Encompass is a product of ICE Mortgage Technology, part of Intercontinental Exchange, Inc.
“We’re thrilled to support organizations like CHFA and the work they do for Colorado homebuyers,” said Parvesh Sahi, senior vice-president of business and client development at ICE Mortgage Technology. “We’re excited when organizations like CHFA leverage our automation and artificial intelligence solutions to increase their efficiency and help more consumers get into homes faster in the affordable housing space.”
Encompass Investor Connect provides a seamless, system-to-system delivery, directly from Encompass to CHFA, eliminating the need for lenders to locate, save, and deliver data and documents that are already in their system. Lenders can go to their loan pipeline, select CHFA, and deliver files immediately.
“CHFA is excited to be the first HFA to automate loan delivery and acquisition using ICE Mortgage Technology,” said Dan McMahon, CHFA home finance director. “This provides significant efficiencies and more robust capabilities. Faster loan delivery, acquisition, and review translates to a better experience for the lenders we work with and the homebuyers we serve.”