Case Study: Capital Markets Cooperative (CMC Funding) cuts tech and third-party costs 70% and boosts MRS acquisitions to $500M/month with ICE Mortgage Technology (Encompass)

CMC Funding Achieves Significant Cost Savings and Productivity Gains with Encompass

Capital Markets Cooperative (CMC Funding) is an outsourcing solution for capital markets serving 90 customers with more than $110 billion in combined annual mortgage production. After acquiring a retail lender and opening correspondent and loan‑servicing channels, CMC faced fragmented loan‑processing systems, data and compliance challenges, and the need to reduce technology and third‑party costs while improving productivity.

CMC implemented Ellie Mae’s Encompass as a single core platform, using the SDK to build data interfaces, automated controls and WebCenter portals, plus bulk uploads and standardized processes. The rollout delivered rapid results: retail technology and third‑party costs dropped about 70%, overall costs fell roughly 20%, and mortgage servicing acquisitions grew from $150 million to more than $500 million per month with the same staff, while improving seller communication, document delivery and loan quality.

Capital Markets

William Lisnerski

Executive Vice President Correspondent Lending