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Encompass from ICE Mortgage Technology vs. LOANS!

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Encompass from ICE Mortgage Technology

    Score6.7 out of 10
    N/AEncompass from ICE Mortgage Technolgoy (formerly Ellie Mae) is an all-in-one mortgage management solution for lenders.N/A

    LOANS!

    N/AN/AThe Benedict Group offers what they describe as a comprehensive loan servicing solution in LOANS!, a platform that supports loan servicing, loan accounting, and investor tracking, for a wide gamut of complex financial products.N/A
    Pricing
    Encompass from ICE Mortgage TechnologyLOANS!
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Encompass from ICE Mortgage TechnologyLOANS!
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    Community Pulse
    Encompass from ICE Mortgage TechnologyLOANS!
    Considered Both Products
    ICE Mortgage Technology
    Chose Encompass from ICE Mortgage Technology
    I initially considered other origination software but decided on Encompass because of the other lenders in my area that are also using it, and because it has so many built-in exports.
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    I am a long time user of Calyx software. I have loved using Calyx for most of my career. Early on, I did experience Encompass once and I felt it was too "management centric" at the time. After coming back to it now, I realize that my original feelings were more about …
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    Encompass is the superior solution.
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    Hands down the best LOS in my opinion!
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    There is no comparision. Point can not do even a fraction of what Encompass can. Their user interface is convoluted and hard to use and doesn't have any way to upload documents into the loan file. Encompass allows documents to be loaded straight to the loan file which makes …
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    We starting using Contour in 2004 and have been an Ellie Mae client ever since.
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    Ellie Mae is the best LOS software
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    Ellie Mae comes with the highest recommendations. I admire them for their creative work and their willingness to "give to their partners first". I did myself a favor and aligned myself with them.
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    I used Point before............LMAO, no comparison
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    Lending Space moved away from retail channel so we had to exit their system. Net Oxygen was far too open and really would have required a lot of work in order to begin using. Encompass was a known system, well respected by the smaller user, and with little work we could start …
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    There are practically no other companies that have been able to keep up with Encompass. The enhancements are coming so quickly that the majority of its competitors are unable to keep pace.
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    Mortgagebot is used for our online frontend where Encompass is ultimately used. Encompass was a little behind with the online side of things. Whereas we were looking for something like you see or hear from Quicken Loans. But their upcoming release of consumer connect should put …
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    I worked with both Calyx and Contour in the past. They don't even compare. Encompass is a beast of a software. It offers everything and then some. We underwent some internal changes a few years ago and decided to upgrade our software. I researched multiple other vendors and did …
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    Way more user friendly! Beginner understandable!
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    We were looking for a paperless option that included accessing other vendors while inside the loan such as ordering credit, flood, appraisal and title. Electronic document delivery was also a plus. Workflow allows us to track how quickly a loan moves from one area to the …
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    From what I have seen in the industry there is nothing that does compare.
    Incentivized
    Chose Encompass from ICE Mortgage Technology
    We have looked at other LOS systems and actually went so far as to test them... At that point we realized just how awesome Encompass really is! We have searched far and wide; so far we have not found any LOS system that remotely comes close to the performance, customization, …
    Incentivized
    Benedict Group
    No answer on this topic
    Key User Insights
    Would buy again
    No answers on this topic
    No answers on this topic
    Delivers good value for the price
    No answers on this topic
    No answers on this topic
    Happy with the feature set
    No answers on this topic
    No answers on this topic
    Lived up to sales and marketing promises
    No answers on this topic
    No answers on this topic
    Implementation went as expected
    No answers on this topic
    No answers on this topic
    User Ratings
    Encompass from ICE Mortgage TechnologyLOANS!
    Likelihood to Recommend
    6.7
    (69 ratings)
    -
    (0 ratings)
    Likelihood to Renew
    10.0
    (5 ratings)
    -
    (0 ratings)
    Usability
    8.2
    (2 ratings)
    -
    (0 ratings)
    Support Rating
    9.1
    (1 ratings)
    -
    (0 ratings)
    Implementation Rating
    5.5
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    Encompass from ICE Mortgage TechnologyLOANS!
    Likelihood to Recommend
    ICE Mortgage Technology
    The system is great for loan origination and downline processing. The thing about Encompass is that it's only as good as its user so I can see where new loan originators or folks who are new to the system can have a huge disadvantage over somebody who is experienced with it. Of course, if you have experience with it it's the perfect tool. Compliance is also a big factor that Encompass does take advantage of. It communicates with various 3rd parties like Blend, appraisal management systems, Loanbeam, etc to help gather data where needed and keep files in compliance as needed. I don't know of any other case use for Encompass outside of loan origination.
    Incentivized
    Read full review
    Benedict Group
    No answers on this topic
    Pros
    ICE Mortgage Technology
    • The Web Center allows us to compete in our market and also allows us to continue to originate loans in markets where we don't have a physical originator.
    • The software is easy to use so it allows us to train staff very quickly so they can start producing mortgages.
    • I appreciate receiving information on upcoming updates well before they take place so that I can review the updates and inform the staff of changes they need to be aware of.
    Read full review
    Benedict Group
    No answers on this topic
    Cons
    ICE Mortgage Technology
    • Encompass is a powerful tool that is flexible and can be set up to meet your business needs. However, a guide of best practices in designing a workflow process would be a huge resource.
    • A feature that would be helpful is the ability to easily create pop up boxes that could allow users to identify errors in data being entered in to fields and direct them to a solution to easily correct the error.
    Incentivized
    Read full review
    Benedict Group
    No answers on this topic
    Likelihood to Renew
    ICE Mortgage Technology
    Invested and believe the system will be able to meet our needs for years to come, plus we have confidence in the company, Ellie Mae.
    Read full review
    Benedict Group
    No answers on this topic
    Usability
    ICE Mortgage Technology
    some minor improvements would make a huge difference to me
    Read full review
    Benedict Group
    No answers on this topic
    Support Rating
    ICE Mortgage Technology
    No better support around
    Incentivized
    Read full review
    Benedict Group
    No answers on this topic
    Implementation Rating
    ICE Mortgage Technology
    Should have sent someone to become an admin prior to implementation.
    Incentivized
    Read full review
    Benedict Group
    No answers on this topic
    Alternatives Considered
    ICE Mortgage Technology
    I am a long time user of Calyx software. I have loved using Calyx for most of my career. Early on, I did experience Encompass once and I felt it was too "management centric" at the time. After coming back to it now, I realize that my original feelings were more about distrust of my own management than the software itself.
    Incentivized
    Read full review
    Benedict Group
    No answers on this topic
    Return on Investment
    ICE Mortgage Technology
    • Ellie Mae prepared itself well for TRID. We have been able to manage all of the changes using the configurable workflow to help all users understand the nuances of TRID.
    • We have gone paperless saving us time in transporting files between users and allowing us to reduce time to close.
    • Electronic signature of documents has allowed us to reach more borrowers.
    Incentivized
    Read full review
    Benedict Group
    No answers on this topic
    ScreenShots