Coviance has combined the power of its lending automation platform, Home Equity Express (HEx), with a pre-built, no-code LOS integration to create the Coviance Encompass Connector - a true plug-and-play automation experience for home equity and HELOC loans. Coviance is integrated in both Encompass SmartClient and WebApp versions.
Coviance's HEx automates the home equity loan process through adaptive workflows with data-driven decisioning intelligence giving borrowers and lenders speed and efficiency. The cloud-based platform uses real-time data, best-in-class pre-built integrations, and intelligent communication capabilities that deliver a fluid, elevated experience for lenders and borrowers. The 'Coviance Encompass Connector' integrates both technologies empowering Encompass LOS users to modernize the home equity and HELOC lending experience, shortening the lending cycle from weeks, to delivering a clear-to-close in days, even hours.
'ICE's mission of expanding homeownership in the US by connecting all things mortgage with best-of-breed technology aligns with our mission at Coviance ,' said
The Coviance Encompass Connector enables lenders to automate the HEloan and HELOC lending process by leveraging the automation and collateral decisioning engine Coviance offers. The product's standout features will help further expand Home Equity lending capabilities into the mortgage LOS.
Intelligent Automation Fuels Efficiency: Unlock no-code adaptive workflows and intelligent collateral decisioning capabilities.
Simplified Lending Experience that keeps Borrowers informed: Scalable and transparent borrower experience with real-time, adaptive borrower communication.
Centralized Compliance Streamlines Change Management: Access to loan-level audit trails with detailed workflow and collateral decisioning documentation.
'The American Dream of homeownership is the path to financial freedom and generational wealth, which is at the core of the credit union mission. Having the right technology partners to make this often overwhelming process more streamlined is tremendously impactful in how we serve our membership,' said
For more information visit: Coviance on the Marketplace by ICE Mortgage Technology.
About Coviance
Founded in 2015, Coviance (formerly LenderClose) is a lending experience platform transforming how community banks and credit unions elevate the borrower experience, accelerate loan origination, and simplify operations and compliance management. By harnessing intelligent automation, lenders boost productivity, increase loan volume, and elevate experiences across the entire lending process. Coviance gives lenders instant fintech power through intelligent automation at the push of a button-without ever losing the human touch. Coviance was recognized as one of the best B2B providers by Inc. and was awarded Inc's PowerPartner 2023, HousingWire Tech100 in 2024 and earned a spot on the Inc. 5000 List of Fastest Growing Private Companies in the
About ICE Mortgage Technology
ICE Mortgage Technology combines data, interconnected solutions, and expertise to digitize and automate processes across the entire housing finance continuum - from consumer engagement at the front end of real estate, mortgage or refinance transactions; through origination, underwriting, and production; on to loan registration and the long-term servicing relationship with the consumer. We touch nearly every mortgage in the
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