The AIM Check API integration with ICE's Encompass system automates income and asset verification for mortgages, streamlining the underwriting process. This integration results in reduced loan defects and improved user experience for lender staff. ICE Mortgage Technology emphasizes its commitment to continuous innovation and automation to enhance efficiency and accuracy in the mortgage lifecycle. A 2024 study indicates significant time and cost savings for lenders, highlighting the reduction of friction in income assessment and overall loan processing.
The integration supports faster underwriting, simplified income verification, fewer loan defects and a better user experience for lender staff.
With the new AIM Check API integration, mortgage analyzers use artificial intelligence to automatically verify a borrower's income, assets and credit, speeding up the review process.
According to a 2024 study by MarketWise Advisors, the mortgage analyzers can save lenders up to 224 minutes in processing time and $156 in costs per loan.
The integration of the AIM Check API with ICE's Mortgage Analyzers helps lenders streamline income assessment, reduce errors and deliver faster service.
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