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.
Thoropass
Thoropass is a compliance automation platform that combines software and in-house auditors to help you achieve and maintain SOC 2, ISO 27001, and HIPAA certifications with ease.
Quick Comparison
| Feature | Encompass | Thoropass |
|---|---|---|
| Website | iceMortgageTechnology.com | thoropass.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No 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 | 1997 | 2019 |
| Headquarters | Pleasanton, USA | New York, USA |
Overview
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.
Thoropass
Thoropass simplifies the complex world of information security compliance by combining an automated platform with dedicated expert guidance. You can stop juggling spreadsheets and manual evidence collection because the software integrates directly with your tech stack to monitor controls and gather data automatically. Whether you are pursuing SOC 2, ISO 27001, HIPAA, or GDPR, the platform provides a clear roadmap to get you audit-ready faster.
What sets this apart is the integrated audit experience. Instead of finding a third-party auditor, you work with Thoropass's own experts who use the platform to conduct your audit, reducing friction and unpredictable timelines. You get a centralized dashboard to track your progress, manage risks, and prove your security posture to customers and partners without the typical administrative headache.
Overview
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.
Thoropass Features
- Automated Evidence Collection. Connect your cloud services and tools to automatically gather the proof you need for audits without manual uploads.
- Continuous Control Monitoring. Monitor your security controls in real-time and receive alerts the moment a control falls out of compliance.
- Integrated Audit Experience. Work directly with in-house auditors who use your platform data to complete certifications faster and more predictably.
- Security Awareness Training. Deploy and track required security training for your employees directly within the platform to meet compliance standards.
- Policy Management. Access a library of pre-built policy templates you can customize and distribute to your team for digital signatures.
- Risk Assessment Tools. Identify and document your organization's security risks using guided workflows that satisfy specific framework requirements.
Pricing Comparison
Encompass Pricing
Thoropass Pricing
Pros & Cons
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
Thoropass
Pros
- All-in-one approach includes both software and the actual audit
- Highly responsive customer success teams guide you through every step
- Intuitive interface makes complex security frameworks easy to understand
- Automated integrations significantly reduce manual evidence gathering time
Cons
- Initial technical setup requires significant time from your engineering team
- Custom pricing can be higher than software-only competitors
- Limited flexibility if you prefer using an external audit firm