ICE Mortgage Technology on Monday announced several enhancements to the Encompass loan origination platform, including a rate lock comparison tool that enables lenders to automatically detect and adjust for changes to a loan that may affect pricing and eligibility.

The “Rate Lock Comparison Tool,” which is integrated with Encompass’s product and pricing engine (PPE), enables lenders to save time and effort by avoiding having to manually re-evaluate eligibility and reprice loans, ICE said. Loan data can instantly be compared against predefined locked criteria to create workflow automation rules so that when material data changes occur, lenders are notified and details ⇒

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