Encompass360 enables omnichannel lenders and investors to more efficiently orchestrate their entire business through a single system of record. Here are some of the ways Encompass360 achieves this:
- Engaging and acquiring customers to drive more business
- Originating and closing home loans more efficiently to lower production costs
- Selling home loans quickly to fund them faster and ensure liquidity for businesses
- Buying home loans confidently and lowering acquisition costs
One of the major benefits of Encompass360 is that is allows you to close more home loans in less amount of time. With Encompass360, you get the full benefits of a true digital mortgage, offering solution that covers the whole home loan lifecycle. With best-of-breed technology that provides tools to manufacture and acquire significantly more home loans, with less effort, Encompass360 provides end-to-end solution.
The automated, omnichannel experience and faster closing time are crucial to limiting costs, enabling scalability and meeting borrower demand for convenience. More than 3,100 lenders and investors use Emcompass360, which empowers more home loans than any other lending automation platform, making it the Gold Standard in the mortgage industry.
Encompass360 review: By the numbers
According to a 2022 MarketWise Advisors study, Encompass360 allows mortgage companies to achieve financial gains in the following areas:
- More profit. An average of $971/loan
- More productivity. An average of 29% in annual loan production volume (without adding staff)
- Lower cycle times. An average of 2.4 days shorter cycle times from application to closing
- Better loan quality. An average 12.13% decrease in compliance and loan manufacturing errors, which equals a savings of $62.83/loan
- ROI. Roughly $8 return for each dollar invested in the Encompass platform
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