Floify
Floify is a mortgage point-of-sale software that streamlines the loan origination process by providing a secure portal for document management, automated communication, and real-time status tracking.
Encompass
Encompass is a comprehensive mortgage loan origination software that digitizes the entire lending process from acquisition to closing to help you increase efficiency and maintain strict regulatory compliance.
Quick Comparison
| Feature | Floify | Encompass |
|---|---|---|
| Website | floify.com | iceMortgageTechnology.com |
| Pricing Model | Subscription | Custom |
| Starting Price | $70/month | Custom Pricing |
| FREE Trial | ✓ 0 days free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2012 | 1997 |
| Headquarters | Boulder, USA | Pleasanton, USA |
Overview
Floify
Floify provides you with a centralized mortgage point-of-sale platform designed to simplify the loan application and document collection process. You can replace manual email chains with a secure, branded portal where borrowers upload sensitive financial documents directly. The system automatically sends reminders to your clients, ensuring you receive necessary paperwork on time without constant manual follow-ups.
You can manage your entire pipeline from a single dashboard, giving you instant visibility into which loans are moving and which need attention. By integrating with your existing Loan Origination System (LOS), the platform eliminates double data entry and reduces the time it takes to get a file to underwriting. It is built specifically for loan officers, mortgage brokers, and enterprise lenders who want to provide a modern, digital experience to their borrowers.
Encompass
Encompass is a digital mortgage solution designed to help you manage the entire loan lifecycle within a single system of record. Whether you are a small mortgage broker or a large enterprise lender, you can use the platform to capture leads, verify borrower data, and process loans with automated workflows. It centralizes your data to reduce manual entry and minimize the risk of costly errors during the underwriting process.
You can also stay ahead of changing regulations with built-in compliance checks that monitor every loan file in real-time. By connecting your team, partners, and borrowers on one platform, you can close loans faster and provide a more transparent experience for your clients. The software integrates deeply with the broader ICE Mortgage Technology ecosystem to provide a truly end-to-end digital lending experience.
Overview
Floify Features
- Secure Borrower Portal Provide your clients with a branded, mobile-responsive space to upload documents and track their loan progress securely.
- Automated Notifications Set up automatic email and SMS reminders for your borrowers so they never miss a document deadline.
- 1003 Loan Application Deploy a mobile-friendly digital loan application that syncs directly with your LOS to save hours of data entry.
- Document E-Signatures Send disclosure packages and other vital documents for electronic signature directly through the platform to speed up approvals.
- Disclosure Desk Manage and track the delivery of initial disclosures to ensure your team stays compliant with industry regulations.
- Real-Time Milestone Tracking Update your borrowers and real estate partners automatically as the loan moves through different stages of the pipeline.
Encompass Features
- Automated Underwriting. Run automated checks against investor guidelines to receive instant feedback on loan eligibility and reduce manual review time.
- Digital Document Management. Collect, store, and e-sign loan documents securely in a paperless environment to speed up the closing process for your borrowers.
- Real-Time Compliance. Access automated compliance testing throughout the loan lifecycle to ensure every file meets federal and state regulatory requirements.
- Product and Pricing Engine. Search and compare thousands of loan products and real-time rates to find the best financing options for your customers.
- Borrower Engagement Tools. Provide your clients with a branded mobile experience where they can upload documents and track their loan status 24/7.
- Third-Party Integrations. Order credit reports, appraisals, and title services directly within your workflow through a massive network of integrated service providers.
Pricing Comparison
Floify Pricing
- Single user account
- Unlimited active loan flows
- Secure document uploads
- Automated borrower reminders
- E-signature integrations
- Standard 1003 application
- Everything in Business, plus:
- Multi-user collaboration
- Team-level reporting
- Shared document templates
- Advanced LOS integrations
- Custom branding options
Encompass Pricing
Pros & Cons
Floify
Pros
- Significantly reduces time spent on manual document collection
- Professional branded portal builds trust with borrowers
- Automated reminders keep loan files moving without effort
- Mobile-friendly interface allows borrowers to upload from phones
- Integrates smoothly with major loan origination systems
Cons
- Initial setup of custom templates takes time
- Learning curve for borrowers who aren't tech-savvy
- Advanced features require higher-priced enterprise plans
Encompass
Pros
- All-in-one system eliminates the need for multiple third-party tools
- Robust compliance features provide peace of mind during audits
- Extensive customization options allow you to build unique workflows
- Large network of integrated vendors simplifies service ordering
Cons
- Significant learning curve for new staff members
- System performance can slow down during peak volume periods
- Implementation process requires substantial time and technical resources