HALCYON ANNOUNCES FIRST OF ITS KIND RIA SERVICES INTEGRATION WITH ENCOMPASS PARTNER CONNECT: A SOLUTION TO DIVERSIFY LENDER REVENUE IN A CHALLENGING ENVIRONMENT
RED BANK, N.J., Jan. 4, 2024 /PRNewswire/ -- Halcyon, a company that helps lenders strengthen borrower relationships and uncover new revenue streams, announced today that their Registered Investment Advisor (RIA) Offering is now available through Encompass Partner Connect™ by ICE Mortgage Technology®, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure.
In the current market where the refi boom has dried up and interest rates are sky high, most home purchases are being driven by life events that come with other financial considerations. Halcyon is helping diversify revenue and strengthen borrower-lender relationships with their new RIA Offering. Through natural conversation, loan officers learn what is influencing a new home purchase and have an opportunity to introduce a client to an RIA for financial health advice with a few clicks of a button in Encompass.
Encouraging financial health is a win-win for borrowers and lenders. Borrowers receive advice on things such as college savings plans if their household is expanding, additional life insurance, or what to do with that old 401K, for no cost. The lender has comfort that the borrower is making sound decisions that can help protect future default and it provides a way to diversify income.
"Halcyon is excited to help borrowers prepare for their future, while helping lenders diversify their offerings, and revenue," says Kirk Donaldson, CEO of Halcyon. "We are the first to provide this service through Encompass Partner Connect® and lenders will immediately see the value."
Through Halcyon's proprietary technology, all the tracking, compliance and details are taken care of for the lender. A home purchase is the largest investment most will make in their lifetime; introducing financial advice to a new homeowner early on can help ensure a sound future.
About ICE Mortgage Technology
ICE Mortgage Technology® combines data, interconnected solutions, and expertise to digitize and automate processes across the entire housing finance continuum – from consumer engagement at the front end of real estate, mortgage or refinance transactions; through origination, underwriting, and production; on to loan registration and the long-term servicing relationship with the consumer. We touch nearly every mortgage in the U.S. by way of the native automation of Encompass® for loan origination and the MSP® servicing system. Together with the digital collaboration and eRecording capabilities of Simplifile® and MERS®, the national electronic registry for nearly 90% of the U.S. mortgage market, we offer a truly comprehensive, end-to-end housing finance ecosystem. Ultimately, our technology lets committed industry professionals focus on creating a better homeownership experience for the American consumer. Visit icemortgagetechnology.com to learn more.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates 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 2, 2023.
About Halcyon
Halcyon's assists in deepening lenders' overall relationship with their borrowers to offer products and services that are specific to each individual, creating additional revenue streams beyond the initial loan closing. They have multiple products that ensure you will know more about your borrower every step of the way – IRS income & tax transcripts, digitally prepared tax returns and a Registered Investment Advisory platform to offer full financial services to your borrowers Visit www.halcyonsw.com.
Press Contact:
Halcyon Still Water
Media@halcyonsw.com
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