By doing so, this reporting will stay with the digital asset for the life of the loan, in a way that’s verifiable and transparent. In addition, Liquid Mortgage will allow borrower payment tracking immediately once the digital asset is created, so investors can get more timely loan performance data.
The companies expect to have the first loan-backed digital assets with full due diligence in the 2022 second quarter.
Document automation platform start-up Ocrolus rolled out a new roster of document-centric applications for Encompass. The company said the applications are designed to reduce mortgage approval process delays due to review queues.
The company debuted its new product suite during the ICE Experience 2022 conference in Las Vegas on March 14.
Ocrolus said the new software will help reduce loan approval times, simplify the integration process with ICE Encompass, boost document accuracy and make the end-user experience more inclusive.