The BIG Point of Sale Integrates to ICE Mortgage Technology®
Monday, NJ May, 08, 2023 – Mortgage Automation Technologies, Inc. announced today that the integration of their next generation point of sale system, The BIG Point of Sale is now built on the latest API Platform available through ICE Mortgage Technology®, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure to create a configurable and robust Point of Sale to Loan Origination System integration.
The BIG Point of Sale offers a configurable solution with a mixture of consumer and origination portals in multiple formats including web landing page, mobile application, and kiosk. The system leverages the ICE Mortgage Technology API Platform to provide a unique single point of truth database architecture. This architecture eliminates the need for a secondary loan repository outside of Encompass® by ICE Mortgage Technology. The system allows originators to monitor and adjust loan files from their mobile device including generating pre-approvals. The onboarding and contract process is designed to minimize upfront costs by utilizing a customer self-service implementation process. Additionally, The BIG Point of Sale offers a mixture of software and hardware solutions with its kiosk product line.
The Team at Mortgage Automation Technologies, Inc. has successfully integrated with multiple features of the ICE Mortgage Technology V3 Next generation API including, an Encompass integration with an interface module that allows a loan to deep link from The BIG Point of Sale web portal directly into the Encompass loan file from a mobile device. Mobility of the originator has been a core focus of the Encompass Product & Pricing Service™ integration by building a web interface module that allows the loan officer to obtain rates on current loans or new scenarios from their mobile device. Additionally, by leveraging the Encompass eClose™ and Encompass Consumer Connect® SSO integration, The BIG Point of Sale has built a web interface module that allows the loan officer and consumer to electronically sign loan disclosures and closing documents from their mobile device. The solution is being delivered via loan originator and consumer web portal and mobile applications as well as hardware kiosk devices.
“Built by the people that use it every day, The Big Point of Sale was designed with the consumer in mind and the mortgage professional at heart. The Big Point of Sale gives the freedom of mobility to our users; originators can be in touch with every transaction from virtually anywhere. The QuickPricer feature inside of The Big Point of Sale will allow loan officers access to rates on the go. You can even collect leads by using kiosks as customer pricing engines in key target geographic locations. The new Encompass eClose feature inside of The Big Point of Sale will allow consumers access to their disclosures and closing package on the go or in the comfort of their own living room. Now through ICE Mortgage Technology and the team at Mortgage Automation Technologies we will be able to deliver exceptional integrations and further innovating for our clients.
Matthew VanFossen, CEO, Mortgage Automation Technologies
“Our industry is going through some interesting times. During these times, making sure you partner with the right companies will be the secret to success. Companies that enable cost control and increased functionality will thrive. Mortgage Automation Technologies, Inc., who has delivered The Big POS, has been that partner for First Option Mortgage (FOM). A strong point of sale company is one that understands both the mortgage industry and the technology behind the scenes to make everything work.
The team at FOM is extremely happy with our relationship with The Big POS. We look forward to our continued success with them as we navigate into this next era of our industry.”
Alvin Shah, Managing Partner First Option Mortgage
For more information visit: The BIG Point of Sale “www.thebigpos.com”
About Mortgage Automation Technologies,
Mortgage Automation Technologies, is a fintech software and hardware company that designs, develops, and integrates web-based solutions. We provide point of sale software and integrated system hardware such as digital kiosk terminals. Our robust software The BIG Point of Sale services Independent Mortgage Bankers and Mortgage Brokers. At Mortgage Automation Technologies, we are customizing and streamlining the borrower mortgage experience, from simplified web-based portals to state-of-the-art digital kiosks. The company will continue to innovate, streamline and automate the mortgage experience to connect our customers to new clients and partners. Visit mortgageautomationtechnologies.com to learn more.
ICE Mortgage Technology
ICE Mortgage Technology combines technology, data and expertise to automate the entire mortgage process from consumer engagement through loan registration and every step and task in between. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality, and efficiency. Visit icemortgagetechnology.com or call (877) 355-4362 to learn more.
About Intercontinental Exchange,
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on February 25, 2023.
Press Contacts
Jerry Melia, President
330 Passaic Ave, Suite 204, Fairfield, NJ, 07004
T: 833-327-9767 | M: (732) 853-4707
e-mail: Jerry@mtgautotech.com