MCT Says It's the First to Integrate with Freddie Mac’s Income Limits API Mortgage Capital Trading, Inc. (MCT®), a mortgage hedge advisory and secondary marketing software firm, announced it is the first secondary marketing platform to integrate with Freddie Mac’s Income Limits application programming interface (API) created for the first-time home buyer area median income (AMI) limits.

Estimated reading time: 0 minutes, 46 seconds

Deep Integration and API Exposure Will Accelerate Fee Estimate and Closing Cost Processes for LodeStar, ICE Mortgage Users

LodeStar Software Solutions, which provides closing fee-related compliance tools for mortgage lenders, says it will leverage ICE Mortgage Technology’s Encompass Partner Connect APIs to deliver a smoother TRID, closing estimate and Loan Estimate (LE) process.

lodestarThrough the collaboration, ICE will empower its customers to quickly access LodeStar services and data via APIs exposed by ICE. Lenders will be able to generate cost estimates and documents required by the TILA-RESPA Integrated Disclosure Rule (TRID) such as the LE, from pre-application to the final Closing Disclosure (CD), nearly instantaneously and with guaranteed accuracy.

“The ICE-LodeStar partnership continues to grow, paving the way for an even faster, smoother and more customer friendly mortgage loan process,” said LodeStar CEO and Co-Founder Jim Paolino, in a statement. “APIs are the future of automated mortgage workflow for lenders, and we’re already seeing the most tech-savvy using them to amplify the benefits of their own, proprietary workflow technologies as well.”

Read 112 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.