Raymond James Bank chooses ICE Mortgage Technology for digital lending solution.

January 31, 2024

Raymond James Bank has selected ICE Mortgage Technology’s Encompass digital lending platform to support its mortgage origination for high-net-worth borrowers. The bank, an affiliate of Raymond James Financial, chose Encompass after an independent evaluation of multiple competing alternatives. Raymond James Bank already uses other ICE solutions, including MERS, making the interconnectivity of Encompass a natural fit. ICE Mortgage Technology’s end-to-end digital lending platform is designed to streamline and automate the mortgage origination process, providing a better experience for homebuyers and owners.

New York Stock Exchange-listed Raymond James Bank has chosen ICE Mortgage Technology’s Encompass end-to-end digital lending platform to support mortgage origination for high net-worth borrowers across both retail and delegated correspondent lending channels.

Tim Bowler, president of ICE Mortgage Technology, commented: “Raymond James Bank undertook a comprehensive review of several competing vendor solutions before determining that Encompass was the best system to support its lending needs.” Bowler added, β€œIt is clear that our end-to-end ICE mortgage technology ecosystem – and our mission of creating a better experience for the American homeowner – is resonating in the marketplace.”

The announcement follows multiple agreements signed by Encompass in its bid to digitise mortgage and home equity lending — including a tie-up with Citibank in December 2016 (reported in Banking technology) and Trustmark National Bank at the end of November 2016.

With ICE Mortgage Technology’s Encompass end-to-end digital lending platform, Raymond James Bank aims to automate and accelerate elements of the mortgage origination process to improve the mortgage experience for home buyers and owners.

The mortgage origination process has traditionally been seen as fragmented, complex, and inefficient. ICE Mortgage Technology aims to bring more efficiency to the process by digitalising and automating elements of it. The company’s Encompass platform provides support from initial consumer engagement through loan production to the long-term servicing relationship.

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