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Coinbase vs. Encompass from ICE Mortgage Technology

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Coinbase

    Score7.3 out of 10
    N/ACoinbase is a digital currency exchange (Coinbase Pro) and crypto-oriented software solution suite for businesses, including hosted checkout pages, payment buttons, invoicing, and multiple ecommerce integrations (Coinbase Commerce), a turnkey solution for brokerages, exchanges, and fintechs enabling them to offer customers crypto (Coinbase Prime), crypto asset custody (Coinbase Custody), and a wallet to self-store crypto (Coinbase Wallet).

    $0.20

    taker fee

    Encompass from ICE Mortgage Technology

    Score7.9 out of 10
    N/AEncompass from ICE Mortgage Technolgoy (formerly Ellie Mae) is an all-in-one mortgage management solution for lenders.N/A
    Pricing
    CoinbaseEncompass from ICE Mortgage Technology
    Editions & Modules
    $100K-$1M
    $0.20
    taker fee
    $10-50K
    $0.35
    taker fee
    <$10K
    $0.50
    taker fee
    No answers on this topic
    Offerings
    Pricing Offerings
    CoinbaseEncompass from ICE Mortgage Technology
    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
    CoinbaseEncompass from ICE Mortgage Technology
    Considered Both Products
    Coinbase
    No answer on this topic
    ICE Mortgage Technology
    No answer on this topic
    Key User Insights
    Would buy again
    96%
    Would buy again
    24 Answers
    No answers on this topic
    Delivers good value for the price
    96%
    Delivers good value for the price
    22 Answers
    No answers on this topic
    Happy with the feature set
    100%
    Happy with the feature set
    25 Answers
    No answers on this topic
    Lived up to sales and marketing promises
    89%
    Lived up to sales and marketing promises
    17 Answers
    No answers on this topic
    Implementation went as expected
    100%
    Implementation went as expected
    20 Answers
    No answers on this topic
    User Ratings
    CoinbaseEncompass from ICE Mortgage Technology
    Likelihood to Recommend
    8.4
    (28 ratings)
    6.7
    (69 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    10.0
    (5 ratings)
    Usability
    9.0
    (1 ratings)
    8.2
    (2 ratings)
    Support Rating
    6.4
    (2 ratings)
    9.1
    (1 ratings)
    Implementation Rating
    -
    (0 ratings)
    5.5
    (1 ratings)
    User Testimonials
    CoinbaseEncompass from ICE Mortgage Technology
    Likelihood to Recommend
    Coinbase
    I think Coinbase is extremely suitable for people who are just starting to get into crypto-related activities. Based on how easy it is to use along with the brand recognition I think it offers beginners a better sense of security. Just like all trading platforms, it is extremely easy to get carried away as you only have to confirm your purchase twice and it goes through. It would not be very suitable for those who have little self-control.
    Incentivized
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    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
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    Pros
    Coinbase
    • Coinbase has a really nice looking design which offers for a better user experience.
    • Coinbase is extremely easy to use.
    • Coinbase does a great job delivering company news/changes to its users.
    • Coinbase offers frequent updates which makes you feel more secure using their services.
    Incentivized
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    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
    Cons
    Coinbase
    • Just like other apps(venmo, cashapp, PayPal) it keeps all your trade portfolio under coin based. Not transferable
    • Even though, they give you a starting balance of $10. They do wants you to put at least $10 of your money
    • The training video are simple. Learn about US dollar coin, USD, and bitcoin. But it doesn't teach you how to be a savvy trader. That will take additional education
    • You can't add small cryptocurrency like BAR to your portfolio. It certain amount to trade with.
    Incentivized
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    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
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    Likelihood to Renew
    Coinbase
    No answers on this topic
    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
    Usability
    Coinbase
    Great UI, Great tools for education learning with freebies, eqsy onboard, site and app are pretty good. Good API documentation. The opposite is high fees and slow support when needed. Overall it is good for its simple use and balance between beginners and professional traders making it a great choice and this is why it is one of the most famous site out there.
    Incentivized
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    ICE Mortgage Technology
    some minor improvements would make a huge difference to me
    Read full review
    Support Rating
    Coinbase
    I haven't needed to contact support for Coinbase yet—it's probably because it is super easy to use and very intuitive. If I were to use the support, it would probably be better than these other companies because most of the other ones come from foreign markets or aren't as big as Coinbase.
    Incentivized
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    ICE Mortgage Technology
    No better support around
    Incentivized
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    Implementation Rating
    Coinbase
    No answers on this topic
    ICE Mortgage Technology
    Should have sent someone to become an admin prior to implementation.
    Incentivized
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    Alternatives Considered
    Coinbase
    Coinbase is just better overall, with access to investments that can be traded for USD. As well as the crypto that can gain interest, Coinbase is amazing at educating the user along with providing real-time data, that allows the user to make the best decision they can when making this kind of risky investment. Coinbase takes the risk out of Crypto.
    Incentivized
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    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
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    Return on Investment
    Coinbase
    • It's saved time from figuring out how to buy and sell cryptocurrencies
    • It makes monitoring market prices and fluctuations in the value of crypto holdings very easy and simple. Which also saves time.
    • We don't do as high of volume so the lower transaction costs even though there is a slight premium saves us a lot of money in contrast to many of the exchanges that can charge 4-5+% transaction costs.
    Incentivized
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    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
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