First State Housing Finance Authority (HFA) Automates Lending with Artificial Intelligence and Lending Solutions from ICE Mortgage Technology

PLEASANTON, Calif.–(BUSINESS WIRE)–ICE Mortgage TechnologyMT, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of market data, technology and infrastructure, today announced that the Colorado Housing and Finance Authority (CHFA ) had integrated Encompass Investor Connect and AIQ into its technology, enabling easier and easier loan origination and funding.

“We are 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 thrilled when organizations like CHFA leverage our automation and artificial intelligence solutions to increase efficiency and help more consumers settle into affordable housing faster. »

Encompass Investor Connect provides seamless, system-to-system delivery directly from Encompass to CHFA, eliminating the need for lenders to locate, record, and deliver data and documents that are already in their system. Lenders can access their loan pipeline, select CHFA, and deliver files immediately. In the fourth quarter of 2021, CHFA intends to expand this capability to all of its home lending partners that use Encompass.

“CHFA is thrilled to be the first HFA to automate loan origination and acquisition using ICE mortgage technology,” said Dan McMahon, CHFA Chief Financial Officer. “This offers 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.

“As soon as CHFA introduced us to ICE Mortgage Technology’s Investor Connect, we were thrilled,” said Brad Groves, CEO of Universal Lending Corporation. “Encompass Investor Connect and AIQ are truly the most efficient delivery processes we have experienced, and the learning curve was a breeze. We hope to start using this delivery method in the future with our other corresponding investors.

With the addition of AIQ, CHFA has further automated the process using artificial intelligence and machine learning to automatically extract, recognize and identify data and documents. These technologies improve productivity, efficiency and reduce risk. As the first state HFA to deploy loan acquisition with Encompass Investor Connect and AIQ, CHFA is leading the way in providing better automation, intelligence, and compliance to accelerate the loan process for lenders and homebuyers. .

About ICE Mortgage Technology

ICE Mortgage Technology combines technology, data and expertise to help automate the mortgage process, from consumer engagement to loan registration, and every step and task in between. ICE Mortgage Technology is the leading provider of cloud-based loan origination platforms for the mortgage industry, with solutions that enable lenders to originate more loans, reduce origination costs and reduce time to close, all ensuring high levels of compliance, quality and efficiency. . Visit or call (877) 355-4362 to learn more.

About CHFA

CHFA strengthens Colorado by investing in affordable housing and community development. Founded in 1973, CHFA invests in affordable homeownership, the development and preservation of affordable rental housing, and helps small and medium-sized businesses access capital. CHFA also provides training and technical assistance regarding affordable housing and economic development. CHFA is an autonomous public company. The debt issued by CHFA is not the obligation of the government. For more information on CHFA please visit, call its Denver office at 1.800.877.chfa (2432).

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 provide our clients with access to critical workflow tools that increase transparency and operational efficiency. 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 securities data services and execution capabilities provide insights, analytics and platforms that help our clients take advantage of opportunities and operate more effectively. AT ICE Mortgage Technology, we are transforming and digitizing the residential mortgage process in the United States, from consumer engagement to 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 trademarks and additional intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates can be found here. Key information documents for certain products covered by the EU Regulation on packaged retail and insurance-based investment products can be found on the website of the relevant stock exchange under the heading “Documents of Key Information”. key information (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 materially from those contained in the forward-looking statements, see ICE’s filings with the Securities and Exchange Commission (SEC), including, but not Limit thereto, the risk factors in the Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as filed with the SEC on February 4, 2021.

© 2021 ICE Mortgage Technology, Inc. All rights reserved. Encompass® and the ICE Mortgage Technology logo are registered trademarks of ICE Mortgage Technology, Inc. entities.

Source: Intercontinental Exchange


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