As rumblings of lower volume continue to persist, forecasts point to compressed new revenue/profits for 2018. Conversations around how to do more with less are starting to increase as year end projections start to firm up. In times like this, lenders need to look internally and assess how to capitalize on systems already at their fingertips that are not maximizing functionality. If you are on the Encompass system, and feeling like you are not getting the most out of it, this is a perfect example of a system that can be utilized to do more with less.
Matchbox & Ignite have a number of toolkits and packages that have been developed to help lenders better utilize the system. As an example, Matchbox has developed a HMDA 2018 toolkit for Encompass clients that can, and will, reduce HMDA preparation turn times, reduce data integrity exposure, and inevitably increase yield heading into 2018. As you start looking to the 2018 budget, you need options for how to do more with less. Matchbox & Ignite have those options for you!
By the way, check out Matchbox's new website and let them know what you think!
Ignite Tools - What is in your toolbox?
Capital One has a slogan, "What's in your wallet?" and Ignite is starting a new campaign, "What's in your toolbox?" Over the past few years, they have built a number of Encompass based tools that have been created with one thought in mind- How do they make the user experience better or easier. Each tool is developed with that premise and any tool they offer is built to dramatically reduce cost, improve efficiency, and/or reduce exposure. All of Ignite's tools are customizable and able to be updated to meet your business model requirements. With volumes dropping and industry contraction/acquisitions ahead, lenders are looking to do more with less effort. Our tools do exactly that. Whether it is updating a series of loans with a click of a button, seeing who did what on a file within seconds, seeing what task(s) are open on a file without opening a loan, or referencing a custom data set without jumping to different forms, Ignite's tools make a difference in your user experience. Not only do these tools present a cleaner, more efficient user experience, but they know that every lender is looking for an edge in hiring talent and bring on branches / top producers. It's time to give them something unique in 2018. Below are links to flyers to review a sample of Ignite's tools.
Ignite Data Import Tool - Update loans in bulk/batch via csv or txt with custom templates while maintaining business rules, triggers & error log functionality.
Ignite Audit Explorer- A real end-to-end loan history log- with or without leveraging the RDB or audit-able fields
Ignite Task Tracker - Customized task list accessible from the pipeline view i.e. see what items are outstanding without entering a file!
Ignite Loan Information Panel - A customized Encompass header panel - customized by persona to show users all critical fields in clean format.
Last by not least, in an effort to have a tool under everyone's Encompass tree this year, Ignite is offering multiple package discounts for December. Getting an Ignite Tool may be a much better grab bag gift for someone this year as it is the gift that keeps on giving!
TMC - Chief Operating Officer