Enhanced Conditions: The beginning of something big

Why Lenders Should Switch to Enhanced Conditions: Unlocking Automation and Efficiency

ICE Mortgage Technologies Enhanced Conditions

Are you tired of the manual grind in underwriting? We get it—everyone's looking for ways to automate and make things smoother. That's where Enhanced Conditions come in, transforming your workflow and giving you a boost in efficiency. Let's dive into why making the switch is a game-changer for your business.

What Are Enhanced Conditions Anyway?

Think of Enhanced Conditions as your new best friend in the mortgage world. Unlike the old-school Standard Conditions, which most folks still use, Enhanced Conditions let you customize at both the condition and field levels. They're pretty new on the scene but packed with features that support automation and take a load off your shoulders.

How Enhanced Conditions Make Life Easier

Simplify Your Underwriting: No more juggling plugins and external tools to build rules. Enhanced Conditions let you set everything up right in the system. It’s like having a magic wand that applies conditions based on your business rules—automatically.

Boost Your Automation Game: Enhanced Conditions are the secret sauce for broader automation. For instance, you can set conditions based on employment fields:

• If someone’s self-employed, the system can automatically require business tax returns and K1s.

• Got income from retirement? Pension benefits can be flagged without you lifting a finger.

• For W2 employees, specific conditions can pop up when the borrower isn’t self-employed.

• Condo property? Condo-related conditions will be added just like that.

Real Success Stories

Our clients are already reaping the rewards of Enhanced Conditions. Here’s a peek at how they’re making it work:

• Retirement Income: When pension income is on the application, retirement conditions are added automatically.

• Self-Employment: The system flags self-employed conditions when needed, saving tons of manual effort.

• Property Type: Condo conditions are automatically applied based on the property type, so nothing slips through the cracks.

By setting these conditions early, you avoid duplications and tap into powerful automations throughout the loan lifecycle. Pretty neat, right?

Smooth Transition, No Headaches

Worried about the switch? Don’t be. ICE Mortgage Technologies has made it super easy. Their tools transform standard conditions into enhanced ones, and you can move them between environments without a hitch. Plus, the user interface hardly changes, so there’s no steep learning curve.

We know change can be daunting, but with Enhanced Conditions, there’s no need to rewrite all your conditions or input tons of new data. The process is designed to be user-friendly, ensuring you get the benefits without the hassle.

Enhanced Conditions aren’t just a nice-to-have; they’re a must-have for any lender looking to streamline workflows and get ahead. By cutting down on manual processes and kicking automation into high gear, you’ll save time, reduce errors, and improve your bottom line.