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Raymond James Bank to deploy ICE Mortgage Technology’s lending solution Encompass

  • Raymond James Bank (RJF), based in Florida, US, has partnered with ICE Mortgage Technology to enhance its mortgage lending operations for high-net-worth borrowers.
  • RJF, an affiliate of Raymond James Financial, will utilize ICE Mortgage Technology’s Encompass digital software for mortgage origination.
  • ICE Mortgage Technology, part of Intercontinental Exchange (ICE), provides technology solutions for the entire mortgage process, automating steps from customer engagement to loan registration.
  • The Encompass solution will support the origination of mortgages for affluent borrowers through retail and delegated correspondent lending avenues.
  • RJF already uses other ICE solutions, including Mortgage Electronic Registration System (MERS) and ICE Data Services, making the integration of Encompass a natural fit.
  • Tim Bowler, president of ICE Mortgage Technology, emphasizes the fragmented nature of home finance and states that their investment in data and technology accelerates elements of the mortgage process.
  • The partnership with RJF is seen as evidence that ICE Mortgage Technology’s mortgage technology ecosystem is resonating in the marketplace.

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