55
COLORADO
HOUSING
AND FINANCE
AUTHORITY TO
LEVERAGE ICE'S
AI SOLUTION
ICE Mortgage Technology has announced
that the Colorado Housing and Finance
Authority (CHFA) has integrated its
Encompass Investor Connect and AIQ into
its technology, enabling faster and easier loan
delivery and funding.
"We're thrilled to support organizations
like CHFA and the work they do for
Colorado homebuyers," said Parvesh Sahi,
SVP of Business and Client Development at
ICE Mortgage Technology. "We're excited
when organizations like CHFA leverage
our automation and artificial intelligence
solutions to increase their efficiency and help
more consumers get into homes faster in the
affordable housing space."
Encompass Investor Connect provides
system-to-system delivery directly from
Encompass to CHFA, eliminating the need
for lenders to locate, save, and deliver data and
documents that are already in their system.
Lenders can go to their loan pipeline, select
CHFA, and deliver files immediately.
"CHFA is excited to be the first HFA
to automate loan delivery and acquisition
using ICE Mortgage Technology," said Dan
McMahon, CHFA Home Finance Director.
"is provides significant efficiencies and
more robust capabilities. Faster loan delivery,
acquisition, and review translates to a better
experience for the lenders we work with and
the homebuyers we serve."
With the addition of AIQ, CHFA has
further automated the process by using
AI and machine learning to automatically
extract, recognize, and identify data and
documents to improve productivity, efficiency,
and reduce risk.
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