Have the flexibility to go beyond encompass

Vaultedge Mortgage Automation vs AIQ^™ by ICE Mortgage Technology^™

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What is AIQ^™ by ICE Mortgage Technology^™ ?

AIQ is document processing software by ICE Mortgage Technology. AIQ stands for Automation, Intelligence, Quality. Ellie Mae acquired Capsilon Docvelocity in 2019 and rechristened it to AIQ. AIQ software works seamlessly with Ellie Mae Encompass & ICE Mortgage Technology Platform software suite.

Does AIQ by ICE Mortgage offer customizability & seamless integration?

Ellie Mae AIQ has a native integration with Encompass. However, integrating with a 3rd party LOS is challenging & time-consuming.

Vaultedge can integrate seamlessly with any loan origination and servicing software like Ellie Mae Encompass, Blackknight Empower, Wipro NetOxygen, Blackknight MSP etc.

There are 2 key differences between both the solutions

Integration with 3rd party or custom built LOS

AIQ by ICE Mortgage (Ellie Mae AIQ) is a mortgage document automation software for lenders, servicers and investors to automate document processing. It is a good option for lenders who are already using Encompass as their LOS.

However, if you are using any other 3rd party or custom built LOS, then integrating with AIQ is expensive & requires extensive engineering effort.

On the other hand, Vaultedge is a cloud-based AI powered document automation software that integrates with a wide range of LOS & servicing software - Encompass, Empower, Black Knight MSP, Wipro NetOxygen etc.

Affordable Pricing

AIQ charges one time set up cost in the range of $100K & usage cost in the range of $20 - $25 per loan file processed. However there is a minimum commitment volumes and no free trial.

Vaultedge charges one time set up fee of $15,000 & usage cost of $15 per loan file processed. Vaultedge does not require you to have any minimum commitment and also offers a free trial.

Comparison

Vaultedge Mortgage Automation vs AIQ by ICE Mortgage Technology

Capabilities

Vaultedge

AIQ

Free-Trial

Free Trial with no minimum commitment

No Free Trial

Human-in-the-loop Machine Learning

Implementation to production

4 weeks flat

atleast 12 weeks

API integration to LOS available

Requires extensive engineering effort.

Can be used stand-alone without integration,

Encompass Integration

Identify missing documents from a package

Spot inconsistencies between multiple documents

User Training

Familiar UI, Does not requires training

Requires extensive training

End to End Decision making

Users can override data in case of any discrepancy

Supported Document Types

500+ documents and 2000+ fields from a loan file

Does not publish

Pricing

Set up fee - $15,000
Usage cost - $15 per loan file

Set up fee - $100k
Usage cost - $20-$25 per loan file

GSEs Guideline Compliance

Fannie Mae Form 1084

Freddie Mac Form 91

Free-Trial

Free Trial with no minimum commitment

Human-in-the-loop Machine Learning

Implementation to production

4 weeks flat

API integration to LOS available

Familiar UI, Does not requires training

Can be used stand-alone without integration,

Encompass Integration

Identify missing documents from a package

Spot inconsistencies between multiple documents

User Training

Requires extensive training

End to End Decision making

Users can override data in case of any discrepancy

Supported Document Types

500+ documents and 2000+ fields from a loan file

Pricing

Set up fee - $15,000
‍Usage cost - $15 per loan file

GSEs Guideline Compliance

Fannie Mae Form 1084

Freddie Mac Form 91

Free-Trial

No Free Trial

Human-in-the-loop Machine Learning

Implementation to production

atleast 12 weeks

API integration to LOS available

Requires extensive engineering effort.

Can be used stand-alone without integration,

Encompass Integration

Identify missing documents from a package

Spot inconsistencies between multiple documents

User Training

Requires extensive training

End to End Decision making

Users can override data in case of any discrepancy

Supported Document Types

Does not publish

Pricing

Set up fee - $100k
Usage cost - $20-$25 per loan file

GSEs Guideline Compliance

Fannie Mae Form 1084

Freddie Mac Form 91

Featured In

What clients say about us

" We used Vaultedge to automate the indexing of loan documents that we receive from all our lender partners, amounting to more than a million documents every month. This enabled us to move 70% of people from Document Recognition to other processes."

Michael Kittyle

CIO, BSI Financial Services

Read case study

" Vaultedge automatically indexes our Mortgage documents and extracts 300 data fields from them, enabling us to save 80% of Post Close Audit process time. Vaultedge is helping us improve our Time to Close and Cost to Close metrics."