Prism
LenderToolkit.com
Encompass has limitations. The right tools can help. Unlock its full potential. Improve your mortgage process. Enhance efficiency. Boost borrower satisfaction.
The Future of Mortgage Processing
Prism isn't just another tool—it's the right tools, working together as one. It unifies and optimizes your loan process in a single, transparent, and trusted platform.
No more piecing together disconnected solutions—Prism unifies and optimizes your loan process in a single, transparent, and trusted platform.
1
Automated Indexing & Extraction
Advanced AI/ML technology automates document indexing and data extraction.
2
Income and Asset Analysis
Supports all major loan products, ensuring compliance and accuracy.
3
Streamlined Decision-Making
Pre-built automated conditions help identify issues and streamline decisions.
The Automated Workflow
1
Application
LO runs AI Underwriter. Gets real-time responses. Disclosure Automation sends accurate package.
2
Processing
AI Underwriter creates customer-focused needs lists. Prism calculates income for pre-approval.
3
Underwriting
UW reviews pre-underwritten file and doubles their production and accuracy.
4
Closing
Closing receives clean loan files with updated data.
5
Post Closing
Every closed loan is audit-ready, defect-free, and investor-compliant.
Power with the Push of a Button
Automated Indexing & Extraction
Prism utilizes advanced AI/ML technology to automate document indexing and data extraction. This significantly reduces manual effort, improves accuracy, and speeds up the entire process.
Support for All Major Loan Products
Prism supports all major loan products, including FHA, VA, Conventional, USDA, and non-QM loans. It provides comprehensive income calculations and asset analysis, ensuring compliance and accuracy.
Streamlined Decision-Making
With pre-built automated conditions, Prism helps you identify potential issues and streamline decision-making. It also provides customizable options to tailor the tool to your specific needs.
Impact of Lender Toolkit:
A Case Study by Vice Capital Markets
Lock Extension Fees
Industry Average: 12.5 basis points for 5-day extension
Our Impact: Reduced extensions by 5%
Loan Rejections
Industry Average: 1 rejected loan per $10MM sold
Our Impact: 50% reduction in rejected loans
Repurchases
Industry Average: 1 repurchased loan per 125 loans
Our Impact: Over 60% reduction in repurchases
Critical Defects
Industry Average: 7% defect rate
Our Impact: Reduced defect rates to 5% with less than 1% being critical
Streamlining the Mortgage Process