Encompass from ICE Mortgage Technology vs. Mortgage Builder Software

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Encompass from ICE Mortgage Technology
Score 6.7 out of 10
N/A
Encompass from ICE Mortgage Technolgoy (formerly Ellie Mae) is an all-in-one mortgage management solution for lenders.N/A
Mortgage Builder Software
Score 8.0 out of 10
N/A
Mortgage Builder, a subsidiary of Constellation Mortgage Solutions, is presented as a robust and comprehensive loan servicing platform that automates key functions of loan servicing. Benefits include standard and custom reporting capabilities and web access to loan-level information for internal personnel and external parties. The vendor states MB strives to meet lenders’ needs throughout the entire loan cycle from origination to post-closing to servicing.N/A
Pricing
Encompass from ICE Mortgage TechnologyMortgage Builder Software
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Encompass from ICE Mortgage TechnologyMortgage Builder Software
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 TechnologyMortgage Builder Software
User Ratings
Encompass from ICE Mortgage TechnologyMortgage Builder Software
Likelihood to Recommend
6.7
(0 ratings)
8.0
(0 ratings)
Likelihood to Renew
10.0
(0 ratings)
-
(0 ratings)
Usability
8.2
(0 ratings)
-
(0 ratings)
Support Rating
9.1
(0 ratings)
-
(0 ratings)
Implementation Rating
5.5
(0 ratings)
-
(0 ratings)
User Testimonials
Encompass from ICE Mortgage TechnologyMortgage Builder Software
Likelihood to Recommend
Encompass is a very robust tool that would work great for companies that have strong organizational process with defined user roles in place. I would recommend anyone considering implementing it to carefully map out every step from lead generation to loan delivery. It’s important to involve compliance and audit as well as origination and post closing with every decision for best execution.
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Mortgage Builder offers a solid and stable group of products that will allow you to manage your customer pipeline end-to-end, with good support, at a lower price compared to the big boys in this arena. That said, you will have a less polished offering but they are moving in the right direction of updating many of their components.
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Pros
  • Easily self managed. A single user can administer the software.
  • Mavent Compliance engine provides integrated assurance that files remain in compliance.
  • Ability to customize workflows based on channel.
  • Ability to customize input forms to match your business needs. You can completely customize your users experience with input forms.
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  • End-to-end loan origination process
  • Web-based tools for originators
  • Back-end data access for customized reporting
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Cons
  • For companies without a dedicated developer having a "dumbed down" version to play around in would be great.
  • Being able to customize the workflow a little more to meet our unique workflow.
  • The ability to control what information flows to some documents would be nice.
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  • Their web-based customer portal and customization is somewhat dated
  • Their support is solid but seems to be over-burdened and slow at times
  • Pricing components seem to be a work in progress
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Likelihood to Renew
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.
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No answers on this topic
Usability
some minor improvements would make a huge difference to me
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No answers on this topic
Support Rating
No better support around
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Implementation Rating
Should have sent someone to become an admin prior to implementation.
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No answers on this topic
Alternatives Considered
Is Calyx Point even a thing anymore? I recall using Calyx Point years ago but don't remember it being able to do half of what Encompass is capable of doing. Encompass alone being able to communicate to 3rd party systems is a major time saver something Point was never able to do.
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Return on Investment
  • One of the items that were difficult initially is that we pay for the software and have to pay an additional monthly fee for each closing package. For a small lender that is a huge expense.
  • The online application is a great asset to us and is going to help us to be competitive in our market.
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  • It has been less expensive than some of the other more well known applications
  • They offer a relatively quick turnaround on any customer or user issues that may arise with their support team so that the the process is not significantly delayed
  • It allows for a wide variety of loan programs and scenarios to complete loans
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ScreenShots