ICE PPE (Product and Pricing Engine) is a robust pricing engine integrated into the Encompass® mortgage software solution. As the only product and pricing engine natively embedded into Encompass, ICE PPE delivers the ability to automate pricing, locks, and compliance for growth, speed, and profitability, all in one place. It allows users to get rates fast, check eligibility, keep data accurate, and easily stay on top of changes that affect mortgage loan scenarios. Lenders benefit from leveraging automation for pricing they can trust, efficiently searching products and pricing across hundreds of programs, providing instant rate quotes to borrowers, and submitting lock requests. This streamlines workflows, reduces errors, and enhances profitability by leveraging the power of a single provider and platform. Automate the mortgage loan origination process and achieve a true digital mortgage workflow from origination to closing to the secondary market, all through a single system of record.

Features:

• Automate eligibility: Easily find the best program by sorting by target price, rate, investor and more. Automatically see best execution pricing and incorporate mortgage rates into rate calculations. Automatically monitor rate and pricing for mortgage loan scenarios to receive instant alerts when targets are met.
• Ensure accuracy and transparency: Automatically incorporate consistent LO compensation into mortgage loan pricing and ensure that pricing includes your desired profit and appropriate compensation amounts. Ensure full communication on lock requests from the loan officer to secondary marketing. Automatically manage investor guidelines, eligibility, rates, prices and adjusters.
• Close loans faster: A seamless two-way workflow sends information directly from your loan file to the mortgage product and pricing engine. Receive adjustment information directly back into your lock request form, secondary registration tool and the borrower’s secure loan eFolder. Enable relocks, validations and worst-case pricing scenarios with our Historical Pricing feature.
• Guidelines and rules management: Includes access to program specific guidelines through AllRegs®. Easy to implement overlays. Ability to self-manage or have ICE manage custom programs.