CoreLogic to Deliver Automation Efficiencies Through Deep Integrations into the ICE Mortgage Technology Platform

Rhea-AI Summary

CoreLogic has announced an enterprise agreement with ICE Mortgage Technology, enhancing digital mortgage offerings for lenders and borrowers. This collaboration aims to streamline the mortgage manufacturing process by utilizing Encompass Partner Connect across ten CoreLogic solutions. The integration enables automated service ordering, improving data-driven processing and user experience. ICE's commitment to automating workflows will allow clients to lower loan origination costs and acquire loans faster. The partnership is anticipated to deliver significant efficiencies for shared clients.

Positive

• Partnership with ICE Mortgage Technology enhances digital mortgage offerings.
• Integration of CoreLogic solutions streamlines the mortgage manufacturing process.
• Automation capabilities reduce loan origination costs and improve efficiency.
• Access to a range of services, including valuations and fraud mitigation.

Negative

• None.

Comprehensive set of CoreLogic solutions to leverage the Encompass Partner Connect APIs to deliver a more streamlined workflow process

IRVINE, Calif.--(BUSINESS WIRE)-- CoreLogic, a leading global property data and analytics-driven solutions provider, today announced that it has entered into an enterprise agreement with ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, to support the company’s commitment to delivering a true digital mortgage offering for mortgage lenders and their borrowers. To drive this shared vision of improving the mortgage manufacturing process, CoreLogic will leverage Encompass Partner Connect™ across ten fundamental CoreLogic solutions to update critical data-driven processes and make these solutions available to thousands of mutual clients on the ICE Mortgage Technology™ Platform.

Through the collaboration, ICE will be providing its customers the ability to automate the ordering of CoreLogic services, natively through the workflow automation within Encompass. In addition, ICE will be exposing APIs for these services, so lenders can deploy service ordering throughout any of the ICE solutions, including through Consumer Connect, TPO Connect and other systems. These automation capabilities will extend to valuations, credit reports, borrower verification solutions, income analysis, flood solutions, fraud and risk mitigation, automated valuation models, and title services—on the ICE Mortgage Technology Platform, enabling a fully streamlined and automated workflow.

“The customer-first relationship between CoreLogic and ICE Mortgage Technology continues to grow,” said Mike Mitchell, executive, business development, CoreLogic. “Modernizing the integration of our core solutions on the ICE Mortgage Technology Platform via Encompass Partner Connect will allow shared clients to benefit from new features such as automated service ordering, data-driven processing and a more optimized user experience. This relationship is incredibly beneficial to both CoreLogic and ICE Mortgage Technology’s customers by helping mortgage lenders and their borrowers to access the next generation of service ordering and fulfillment.”

“Our focus is on automating the entire workflow, both to provide a better experience for the consumer, but also for our clients, as we help them lower their overall cost of originating or acquiring a loan, and this is a shared priority with CoreLogic,” said Parvesh Sahi, Senior Vice President of Business and Client Development, ICE Mortgage Technology. “By automating the ordering of the wide array of solutions that CoreLogic has on our platform, we will make it easier for our customers to originate or acquire more loans, at lower costs, and in a fraction of the time.”

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.

About CoreLogic

CoreLogic, a leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy and protect their homes. For more information, please visit www.corelogic.com.

CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210826005150/en/

Robin Wachner

CoreLogic

newsmedia@corelogic.com

Source: CoreLogic

FAQ

What is the partnership between CoreLogic and ICE?

CoreLogic has entered an enterprise agreement with ICE Mortgage Technology to enhance digital mortgage offerings and streamline the mortgage manufacturing process.

How will the CoreLogic and ICE agreement benefit mortgage lenders?

The agreement will automate service ordering and improve data-driven processing, allowing lenders to lower origination costs and acquire loans more efficiently.

What solutions will be integrated with the ICE Mortgage Technology platform?

CoreLogic will integrate ten solutions, including valuations, credit reports, and fraud mitigation services, into the ICE Mortgage Technology platform.

What capabilities does the partnership aim to provide to clients?

The partnership aims to provide automation of service ordering and a more optimized user experience for mortgage lenders and their borrowers.

What date was the partnership between CoreLogic and ICE announced?

The partnership was announced on August 26, 2021.