Plaid brings next-gen asset verification solution to Encompass®
Blog post from Plaid
Plaid has announced a new integration with ICE Mortgage Technology's Encompass, a leading loan origination system, to streamline digital asset verification for mortgage lenders. This integration allows Plaid's Home Lending Report to be directly accessed within Encompass, simplifying the verification process and reducing reliance on manual, document-based methods. With mortgage origination costs rising and loan volumes under pressure, lenders are seeking efficient solutions, and Plaid's modern account-linking experience, trusted by over half of Americans, significantly enhances borrower adoption by allowing up to 80% of borrowers to successfully link their accounts during loan applications. This results in smoother application processes and improved operating efficiency as lending teams spend less time on follow-ups and manual rework. The Home Lending Report provides up to two years of structured, consumer-permissioned financial data, offering lenders a consistent view of a borrower's finances, and helps meet GSE asset verification requirements. Embedded within Encompass, Plaid's solution centralizes asset verification, reducing manual reconciliation and context switching, thereby enabling lending teams to focus more on progressing loans rather than managing verification processes.
No tracked trend matches for this post yet.
Use this post, company, and trend context to find content marketing opportunities, perform competitive analysis, or address product feature gaps via the Plushcap MCP server or the Plushcap API.