"Land Gorilla said the integration combines the Encompass Partner Connect framework with the company's artificial intelligence tools. Using automated workflows and AI-based document processing, the system maps construction budget data directly to loans, reducing the need for manual data entry and streamlining draw management. This is a major step forward for construction lending, said Sean Faries, CEO of Land Gorilla."
"By pairing ICE's EPC technology with the platform, our clients have all the tools they need to mitigate risk, improve loan profitability and provide a smoother experience for borrowers and builders. According to the company, the integration allows lenders to automate loan creation from Encompass to Land Gorilla, ultimately improving data accuracy through standardized mapping and keep records synchronized through continuous data exchange. The provider said increased automation can also reduce labor costs and errors associated with manual processes."
The integration combines the Encompass Partner Connect framework with Land Gorilla's artificial intelligence tools. Automated workflows and AI-based document processing map construction budget data directly to loans, reducing manual data entry and streamlining draw management. Pairing ICE's EPC technology with the platform provides tools to mitigate risk, improve loan profitability, and improve borrower and builder experience. The integration enables lenders to automate loan creation from Encompass to Land Gorilla, standardize data mapping, and keep records synchronized through continuous data exchange. Increased automation reduces labor costs and errors associated with manual processes.
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