Home Real Estate ICE rolls out mortgage insurance coverage middle on Embody

ICE rolls out mortgage insurance coverage middle on Embody


Intercontinental Trade (ICE) launched a mortgage insurance coverage (MI) middle on its Embody mortgage origination system, a part of the corporate’s imaginative and prescient to to turn into a ‘life-of-loan’ platform

The mortgage insurance coverage middle, which gives providers from third-party suppliers Arch MI, Enact, Essent, MGIC, Nationwide MI and Radian, will enhance administration performance and improve charge quote comparisons, ICE mentioned in a information launch.

Particularly, lenders will obtain mortgage insurance coverage quotes from a number of service suppliers with a single click on, and outcomes can be grouped by product sort.

“With the addition of Mortgage Insurance coverage Heart, Embody now presents lenders a full array of instruments and ordering choices to digitally provoke and full mortgage transactions on ICE expertise,” mentioned Tim Bowler, president of ICE Mortgage Expertise.

“With all main Mortgage Insurance coverage suppliers obtainable at launch, we’re opening doorways for lenders to successfully interact with and order mortgage insurance coverage, all by means of a single interface.”

ICE’s launch of a mortgage insurance coverage middle for the Embody platform is a part of the corporate’s huge plan to turn into a ‘life-of-loan’ platform.

Following ICE’s $12 billion acquisition of Black Knight, executives shared a imaginative and prescient to turn into an organization that powers the mortgage course of from origination to last settlement, all in a unified digital ecosystem.

“By integrating Black Knight servicing and sturdy knowledge and analytics choices with ICE’s industry-leading mortgage origination knowledge and doc automation platform, in addition to our closing and shopper engagement options, we’ve a mixed platform that gives a real life-of-loan providing that may drive transparency and efficiencies throughout the workflow,” Ben Jackson, president and chair of ICE Mortgage Expertise, advised analysts in September. 

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