Encompass from ICE Mortgage Technology vs. Finastra Total Lending

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Encompass from ICE Mortgage Technology
Score 7.5 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
Finastra Total Lending
Score 10.0 out of 10
N/A
Total Lending, with LaserPro loan document compliance , represents what is meant by the vendor to be a total end-to-end loan servicing and management solution for financial institutions offering business or consumer loans. Total Lending is offered and supported by Finastra, the company created by the merger of D+H and Misys.N/A
Pricing
Encompass from ICE Mortgage TechnologyFinastra Total Lending
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Encompass from ICE Mortgage TechnologyFinastra Total Lending
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 TechnologyFinastra Total Lending
Top Pros
Top Cons

No answers on this topic

User Ratings
Encompass from ICE Mortgage TechnologyFinastra Total Lending
Likelihood to Recommend
6.6
(69 ratings)
10.0
(1 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 TechnologyFinastra Total Lending
Likelihood to Recommend
ICE Mortgage Technology (Ellie Mae + Simplifile + MERS)
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.
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Finastra
It is an almost perfect software that should use by banks in this very digital era of modern banking. It can change a traditional banking system to a modernized banking industry by its user-friendly software and by proper researching of what customers priority. In the case of retail banking, transactional banking is a huge milestone for us. It increases our new customers daily by its improvising financial solutions by engaging and educating through account holders
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Pros
ICE Mortgage Technology (Ellie Mae + Simplifile + MERS)
  • 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.
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Finastra
  • It's well suited in Retail banking system.
  • Community marketing through Finastra Total Lending is also a best thing ever.
  • The navigation of this softwares is very much user friendly.
  • It increases our new customer by using its deferential method of new level of retail banking.
  • Our banking treasury is also incresing.
  • It's helping us to be more modernized.
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Cons
ICE Mortgage Technology (Ellie Mae + Simplifile + MERS)
  • 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.
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Finastra
  • Well so far so good for us.
  • In financial messaging service it shoudn't cover all messeges or history of customers, it seems puzzling
  • software use for transaction sometimes take some time but its not a big deal.
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Likelihood to Renew
ICE Mortgage Technology (Ellie Mae + Simplifile + MERS)
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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Finastra
No answers on this topic
Usability
ICE Mortgage Technology (Ellie Mae + Simplifile + MERS)
some minor improvements would make a huge difference to me
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Finastra
No answers on this topic
Support Rating
ICE Mortgage Technology (Ellie Mae + Simplifile + MERS)
No better support around
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Finastra
No answers on this topic
Implementation Rating
ICE Mortgage Technology (Ellie Mae + Simplifile + MERS)
Should have sent someone to become an admin prior to implementation.
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Finastra
No answers on this topic
Alternatives Considered
ICE Mortgage Technology (Ellie Mae + Simplifile + MERS)
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.
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Finastra
Well, We observed several software for our need. And Finastra Total Lending met up our criteria will everything we needed. Especially our budget meets up with Finastra Total Lending along with our estimated goals with this project.
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Return on Investment
ICE Mortgage Technology (Ellie Mae + Simplifile + MERS)
  • 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.
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Finastra
  • It increases our monthly new customer about 500-700.
  • Our market price in stock maret is increasing.
  • We are now more connected in industrialize banking sectors.
  • Data analysis of each customer is more easy for us by collecting the core data.
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