{"id":541020,"date":"2021-09-22T09:03:12","date_gmt":"2021-09-22T13:03:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\/"},"modified":"2021-09-22T09:03:12","modified_gmt":"2021-09-22T13:03:12","slug":"pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\/","title":{"rendered":"PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization"},"content":{"rendered":"

<\/p>\n

PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization<\/b><\/p>\n

PLEASANTON, Calif.–(BUSINESS WIRE<\/a>)–ICE Mortgage TechnologyTM<\/sup><\/a>, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced its latest partnership with PennyMac Loan Services LLC, a subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI). The integration with ICE Mortgage Technology\u2019s Encompass\u00ae Investor Connect will make PennyMac the largest correspondent aggregator within a network of correspondent investors available on one platform.\n<\/p>\n

\nThe partnership will enable a more streamlined loan delivery, resulting in improved efficiency, loan quality, and speed of funding, all at no additional cost to Encompass customers.\n<\/p>\n

\n\u201cWe are excited to expand our partnership with PennyMac as we both work to help further automate the mortgage industry,\u201d said Parvesh Sahi, Senior Vice President of Business and Client Development at ICE Mortgage Technology. \u201cPennyMac shares our vision to create a seamless digital experience, from concept all the way through loan delivery. By participating in Investor Connect, PennyMac makes it easier for our joint clients to create valuable efficiencies derived from leveraging digital solutions.\u201d\n<\/p>\n

\nPennyMac is further digitizing loan review and the purchase process by leveraging Encompass Investor Connect\u2019s digital loan delivery. The process also enhances two-way communication to enable sellers to both receive and clear conditions from within their loan pipeline.\n<\/p>\n

\n\u201cThis is another demonstration of PennyMac\u2019s continued commitment to leverage innovative technologies to connect end-to-end processes to improve the loan manufacturing process and customer experience, from borrowers to lenders to correspondent investors,\u201d said Doug Jones, President and Chief Mortgage Banking Officer of PennyMac. \u201cAs an investor, we reach our customers where their loans reside, which translates to faster receipt of consistent, better quality loans and allows us, in turn, to review and purchase faster, all leading to more liquidity and opportunity throughout the mortgage process.\u201d\n<\/p>\n

\nFor more information about Encompass Investor Connect, visit: https:\/\/www.icemortgagetechnology.com\/encompass\/encompass-investor-connect<\/a><\/p>\n

\nICE Mortgage Technology combines technology, data, and expertise to automate the entire mortgage process, from consumer engagement through loan registration, and every step and task in between. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry, with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality, and efficiency. Visit icemortgagetechnology.com or call (877) 355-4362 to learn more.\n<\/p>\n

About Intercontinental Exchange<\/b><\/p>\n

Intercontinental Exchange, Inc.<\/a> (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges<\/a>, including the New York Stock Exchange<\/a>, and clearing houses<\/a> that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services<\/a> and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology<\/a>, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.\n<\/p>\n

\nTrademarks of ICE and\/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and\/or its affiliates is located here<\/a>. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading \u201cKey Information Documents (KIDS).\u201d\n<\/p>\n

\nSafe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.\n<\/p>\n

About PennyMac Financial Services, Inc.<\/b><\/p>\n

\nPennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.\n<\/p>\n

\nFounded in 2008, the company is recognized as a leader in the U.S. residential mortgage industry and employs approximately 6,500 people across the country. For the twelve months ended March 31, 2021, PennyMac Financial\u2019s production of newly originated loans totaled $228 billion in unpaid principal balance, making it the second largest mortgage lender in the nation. As of March 31, 2021, PennyMac Financial serviced loans totaling $449 billion in unpaid principal balance, making it a top ten mortgage servicer in the nation. Additional information about PennyMac Financial Services, Inc. is available at ir.pennymacfinancial.com.\n<\/p>\n

\u00a9 2021 ICE Mortgage Technology, Inc. All rights reserved. Encompass\u00ae and the ICE Mortgage Technology logo are trademarks of the entities of ICE Mortgage Technology, Inc.<\/i><\/p>\n

Source: Intercontinental Exchange<\/i><\/p>\n

\nICE-CORP\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210922005107\/en\/<\/a><\/span><\/p>\n

Press Contacts
\n
<\/b>
Sara Holtz
\n
ICE Mortgage Technology
\n
(925) 227-2193
\n
sara.holtz@ice.com<\/a><\/p>\n

\nJenny Gendron
\n
ICE Mortgage Technology
\n
(925) 227-3490
\n
jenny.gendron@ice.com<\/a><\/p>\n

\nKristyn Clark
\n
PennyMac Loan Services
\n
(805) 231-1572
\n
kristyn.clark@pnmac.com<\/a><\/p>\n

ICE Investor Contact<\/b><\/p>\n

\nMary Caroline O\u2019Neal
\n
(770) 738-2151
\n
marycaroline.oneal@ice.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Software Construction & Property Finance Professional Services Technology REIT Residential Building & Real Estate<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
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<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization PLEASANTON, Calif.–(BUSINESS WIRE)–ICE Mortgage TechnologyTM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced its latest partnership with PennyMac Loan Services LLC, a subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI). The integration with ICE Mortgage Technology\u2019s Encompass\u00ae Investor Connect will make PennyMac the largest correspondent aggregator within a network of correspondent investors available on one platform. The partnership will enable a more streamlined loan delivery, resulting in improved efficiency, loan quality, and speed of funding, all at no additional cost to Encompass customers. \u201cWe are excited to expand our partnership with PennyMac as … <\/p>\n

Continue reading “PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-541020","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization PLEASANTON, Calif.–(BUSINESS WIRE)–ICE Mortgage TechnologyTM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced its latest partnership with PennyMac Loan Services LLC, a subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI). The integration with ICE Mortgage Technology\u2019s Encompass\u00ae Investor Connect will make PennyMac the largest correspondent aggregator within a network of correspondent investors available on one platform. The partnership will enable a more streamlined loan delivery, resulting in improved efficiency, loan quality, and speed of funding, all at no additional cost to Encompass customers. \u201cWe are excited to expand our partnership with PennyMac as … Continue reading "PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-22T13:03:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210922005107r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization\",\"datePublished\":\"2021-09-22T13:03:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\\\/\"},\"wordCount\":968,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210922005107r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\\\/\",\"name\":\"PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization - 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(NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced its latest partnership with PennyMac Loan Services LLC, a subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI). The integration with ICE Mortgage Technology\u2019s Encompass\u00ae Investor Connect will make PennyMac the largest correspondent aggregator within a network of correspondent investors available on one platform. The partnership will enable a more streamlined loan delivery, resulting in improved efficiency, loan quality, and speed of funding, all at no additional cost to Encompass customers. \u201cWe are excited to expand our partnership with PennyMac as … Continue reading \"PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\/","og_site_name":"Market Newsdesk","article_published_time":"2021-09-22T13:03:12+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210922005107r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization","datePublished":"2021-09-22T13:03:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\/"},"wordCount":968,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210922005107r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/pennymac-expands-use-of-ice-mortgage-technology-suite-with-encompass-investor-connect-to-accelerate-correspondent-digitization\/","name":"PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Digitization - 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