Two Harbors selects ICE as partner for digital mortgage platform

Two Harbors Investment Corp. has selected Intercontinental Exchange’s Encompass digital mortgage platform to support their new direct-to-consumer recapture originations channel.

Encompass is a leading digital platform in the mortgage industry for lenders to originate, service, sell and purchase loans faster.

Two Harbors acquired RoundPoint Mortgage Servicing in 2023 to expand into mortgage loan originations. It is key to their strategy of retaining servicing customers when interest rates fall, and borrowers begin to refinance their loans. With the acquisition, Two Harbors is now the eighth largest servicer of conventional loans in the U.S.

After a thorough search, Two Harbors identified Encompass as their platform partner to build out a direct-to-consumer channel to streamline origination workflows.

“The built-in configurability and smooth implementation process with ICE meant that we were able to begin offering loans to our customers at RoundPoint within several months of our decision to go with Encompass,” Bill Greenberg, Two Harbors’ president and CEO, said. “We’re planning to continue to take advantage of the additional capabilities and greater efficiencies within the integrated ICE technology ecosystem. When we consider the scope of what we can achieve together, the possibilities are exciting and will be beneficial to our customers.”

Encompass is key to the ICE mortgage technology ecosystem, which is digitizing real estate and housing finance to create a better experience for lenders, homeowners, and investors.

“We’re proud that Two Harbors chose the Encompass digital lending platform as they strategically expand their mortgage offerings,” Tim Bowler, president of ICE Mortgage Technology, said. “ICE’s technology will help them better meet the needs of borrowers in this continuously evolving market. Two Harbors has been able to quickly deliver for their customers – a testament to our ongoing commitment to innovation that both helps mortgage companies operate more efficiently and delivers a better experience to the American homeowner.”

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