Flueid Merge with ICE Mortgage Technology To Fuel Loan Application

CIOTechOutlook Team | Friday, 12 May 2023, 03:09 IST

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Flueid, the industry leader in providing title data and intelligence that powers real estate transactions from beginning to end, recently announced that its patented Flueid Decision platform is now integrated and accessible through Encompass® by ICE Mortgage Technology®, a division of ICE (NYSE: ICE), a global provider of data, technology, and market infrastructure that creates, develops, and manages digital networks to link people to opportunity. The link enables lenders to assess loan applications while having access to Flueid's title data and insights, reducing the number of days needed for loan origination and processing while also streamlining the customer experience.
 
The Flueid Decision integration, which was developed on the most recent Encompass Partner ConnectTM API Platform, uses data to provide increased knowledge of the state of the title from borrower interaction to closing. Loan officers and underwriters can quickly examine title at loan application and review crucial insights to understand what's going on with a property and customer by simply ordering Flueid Decision. 
 
A quick, data-driven report in Encompass may quickly deliver this knowledge to support workflows. Since lenders are ordering a title commitment or title report with confidence knowing which deals are most likely to close, this in turn lowers the cancellation ratios for title partners, saving time and money for all parties.
 
Flueid Decision provides a supplemental and especially designed product for title providers to digitise and automate best practises for title searches, which further simplifies the transaction. This means when title is requested within Encompass, a Fueled by Flueid™ partner’s title commitment or title condition report – depending on the transaction type – will match the decision and insights a lender receives upfront at loan application for the most accurate and efficient process.