Learn how GridBase helps you adopt Encompass Partner Connect

Mortgage and title customers are undergoing a significant transformation with the shift from Encompass Software Development Kit (SDK) to Encompass Partner Connect (EPC). This change – driven by ICE Mortgage Technology’s updated standards – promises improved efficiency, cost savings and future-proof workflows. However, for many lenders and title agents, the path to compliance can be a little too complicated while running a business and dodging compliance risks. But that’s where GridBase comes into the picture.

GridBase is a proven leader in title and credit technology, offering a seamless, coding-free solution that simplifies migration while improving operational workflows. GridBase is the universal API for collaboration between lenders and titles. It offers order management, instant title reports, closing agent management, and digital closing capabilities. If one network can eliminate the challenges of integration, why wouldn’t a lender take advantage? GridBase is a one-stop shop for integrating EPC. Here’s how it works.

What makes the transition to EPC challenging?

Migrating to EPC is a critical shift for lenders and title agents. While the updated API standards offer potential benefits, they also pose challenges, including:

• Complex integration requirements: Moving from the legacy SDK requires rethinking existing workflows and implementing new connection protocols.
• Increasing software development needs: New integrations often require more development resources to ensure compatibility with existing systems. This burdens lenders with introducing potential delays and unforeseen technical challenges.
• Disrupted business operations and compliance risks: Even minor operational disruptions can have a major impact on productivity and customer satisfaction. However, compliance with evolving regulatory standards is inevitable for lenders looking to maintain operational efficiency.

How does GridBase bridge the gap for lenders?

Despite potential integration challenges, GridBase offers lenders a comprehensive way to stay productive and risk-free as they transition to EPC. As an early adopter of EPC, GridBase spent over a year refining the Order Management integration to address these challenges in three key ways:

• Coding-free implementation: GridBase’s intuitive platform eliminates the need for complex coding. Lenders and title agents can quickly integrate the solution into their workflows, saving time and resources.
• Bidirectional collaboration: The platform facilitates real-time collaboration between lenders and title agents, enabling uninterrupted document exchange, milestone tracking, reimbursement data sharing and note integration.
• End-to-end workflow optimization: With support for both servicing and loan production workflows, GridBase improves efficiency across the entire lending ecosystem. The solution automates milestone updates, streamlines benefits management, and effortlessly manages various document types.

Why should lenders take action now?

While GridBase is an excellent solution, time is of the essence and lenders must take action. However, ICE Mortgage Technology’s deadline extension to 2025 for EPC migration gives lenders and title agents the opportunity to strategically prepare in advance. Early adopters like GridBase customers are already reaping the benefits, including:

• Improved efficiency: Faster transaction times and less manual intervention.
• Cost savings: Improved workflows reduce operational overhead.
• Regulatory readiness: GridBase ensures compliance with new API standards without disrupting daily business operations.

“GridBase’s proactive approach has given us an edge, allowing our customers to experience the benefits of the new EPC integration while minimizing disruptions,” said Kevin Koon-Koon, Chief Technology Officer of GridBase.

Why Gridbase is a solution designed for the future?

The integration of GridBase provides lenders with immediate benefits in an ever-changing market. However, the integration of the network also prepares users for the future in several ways. GridBase’s middleware provides robust, customizable integration capabilities. It connects effortlessly to EPC and integrates seamlessly between client systems. This makes GridBase a crucial tool for forward-thinking lenders and title agencies.