RiskExec® - Encompass® Integration Press Release

Knoxville, TN (March 6, 2025) - RiskExec, Inc. (“RiskExec®”), a SaaS-based compliance reporting and analysis platform, today announced the successful integration of its HMDA software module with Encompass by ICE Mortgage Technology using the latest Encompass Partner Connect API framework from Intercontinental Exchange (ICE) for mortgage technology. This modern framework enables industry participants to integrate with ICE solutions and provide their services to loan originators and servicers through secure API-enabled technology. 

Features enabling more effective and efficient loan closings include geocoding, rate spread calculation, and edit checks, embedded directly into Encompass’ cloud-based platform for the entire loan cycle, helping lenders identify and correct loan-level HMDA data well in advance of final loan decisions.

“We are excited to bring our enhanced capabilities supporting ICE’s commitment to driving efficiency in the industry and making the path to homeownership as streamlined and accessible as possible,” said Dr. Anurag Agarwal, President and Founder of RiskExec. “This collaboration underscores our commitment to delivering affordable, innovative compliance solutions that streamline operations and help our clients maintain the highest standards of accuracy and regulatory compliance in mortgage lending.”

RiskExec’s SaaS compliance automation solution facilitates cost-effective management of regulatory requirements for mortgage companies, banks, credit unions, and other lenders with three key functionalities:

• Geocoding and Tract Data Integration: RiskExec now geocodes the property address stored in Encompass and writes the corresponding census tract data back to the loan file within the Encompass system. Seamlessly integrated into the loan process, this feature ensures precise location data for compliance and reporting purposes.
  
• Rate Spread Calculation: Using the data stored in Encompass, RiskExec calculates the rate spread for each loan and automatically updates the loan file with this information to eliminate the need for manual calculations, reducing errors and saving time for mortgage professionals.
  
• HMDA Edit Checks: RiskExec now enables users to run single-record edit checks on HMDA data directly within Encompass. The integration displays a list of necessary edits within three different categories – regulatory edit checks, enhanced quality edit checks built on RiskExec’s extensive HMDA expertise, and user-created custom edit checks – to allow users to quickly identify and address any data discrepancies before submission to ensure compliance with HMDA requirements.

For more information about RiskExec and its integration with Encompass, visit  RiskExec in the ICE Marketplace or email info@riskexec.com.

Encompass Partner Connect enables the integration of key third-party products and services with ICE mortgage technology solutions. ICE does not own, control, nor endorse any specific industry participant or the product/service provided. Loan originators and servicers are responsible for vetting, selecting, and contracting with the providers of their choosing.

ABOUT RISKEXEC®
RiskExec is a leading SaaS-based compliance reporting and analysis platform that helps banks, mortgage lenders, credit unions, and non-traditional lenders more easily comply with demanding regulatory requirements, including HMDA, CRA, and SBL/1071. RiskExec’s browser-based software automatically incorporates new regulatory, geographic, and peer data in real-time to help institutions stay up to date on evolving requirements. Financial institutions rely on RiskExec’s modules to geocode; proactively identify areas of disparate impact, redlining, and/or steering; take corrective action as needed; and assemble HMDA and CRA files and run government edit checks prior to submission. To learn more about how RiskExec helps compliance experts shift their focus from finding problems to proactively building opportunities for clients and institutions, visit www.riskexec.com.

Media Contact
Merrily McGugan
Vice President of Marketing
RiskExec
media@riskexec.com