Thursday, June 20, 2024

Vaultedge announces its integration with Encompass® by ICE Mortgage Technology™ to Offer OCR Capabilities to Users

Vaultedge, a leading OCR  platform announced today that its integration is now built on the latest Encompass Partner Connect™ API Platform available through ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure to automate loan processing for mortgage lenders, especially using Encompass® by ICE Mortgage Technology.

Vaultedge integrates seamlessly with Encompass to simplify document processing through its AI-powered document recognition and data extraction software.

Using Vaultedge, Encompass users can now automatically index loan documents, extract data, and cross-validate data across documents in minutes – making loan processing less cumbersome. The processing teams can get underwrite-ready loan files within Encompass without manually sifting through innumerable documents.

“ICE Mortgage Technology is an industry leader in shaping the digitization journeys of mortgage lenders. Vaultedge is a purpose-built OCR software to provide a seamless loan processing experience to Encompass users. The partnership between Vaultedge & ICE Mortgage Technology is a logical step towards our shared commitment to driving maximum efficiency & value for our end customers,” said Murali Tirupati, CEO & Co-Founder, of Vaultedge.

Vaultedge was launched in 2015 to automate the loan boarding and closing process that aims to help mortgage lenders, servicers, investors board loans 5x times faster.

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