CORRESPONDENT LENDING
One platform to bid, price and commit
Bidding, pricing, committing — the entire correspondent transaction between lenders and investors, in one system. Layer CorrX inside Encompass, or run it fully standalone with no LOS dependency at all.
Your sellers send the tape. Your platform prices it.
Correspondent lenders submit bid tapes straight into CorrX. Every loan is priced against your own margins, LLPAs, SRPs and eligibility — mandatory and best-efforts — and the commitment goes back from the same system. No inbox, no re-keying, no separate pricing pass.
Days to minutes
Bid tape work that runs on email threads and spreadsheets collapses into a single pass.
Encompass or standalone
Layers on top of your existing ICE Mortgage Technology environment with no added login. Or runs entirely LOS-independent.
Commitments stay compliant
Dual-control approval workflows built in, not bolted on.
Scale without headcount
Take on correspondent volume without adding capital markets staff to absorb it.
Built for the correspondent desk
Mandatory and best-efforts, one platform
Price and execute both delivery methods without switching systems — built for bulk bid-tape performance.
Real-time pricing to every seller
Live pricing and eligibility published out to your correspondent network, so every tape that comes back is priced on your current terms. Direct API connections to MCT and Optimal Blue / ResiTrader.
Commitment and funding tracking
End-to-end workflow for commitments, funding and pair-off. No spreadsheet running alongside the system of record.
Adjustments at the level you actually price
Margins, LLPAs, MSRs, SRPs and geocoding — configurable down to the individual investor and channel.
Dual control governance
Approval workflows and reporting built for how regulated institutions are examined, not retrofitted afterward.
Flexible LOS integration
Gold-rated bi-directional integration inside Encompass today — or no LOS at all. Your systems, your call.
Not a bid tool bolted onto your LOS
Most correspondent tools solve one step and hand the rest back to email. CorrX runs pricing, committing and tracking as one workflow — inside Encompass or on your own systems, with the same dual-control governance and no added logins either way.