MILWAUKEE, May 16, 2017 /PRNewswire/ -- Mortgage Guaranty
Insurance Corporation (NYSE: MTG), the nation's first private
mortgage insurer, announced today the availability of mortgage
insurance through Savana, Inc.'s Loan Origination System (LOS),
nGage / Mortgage.
Through the MISMO-based integration, nGage / Mortgage customers
can order MGIC rate quotes as well as order delegated and
non-delegated mortgage insurance. This integration – unique to
Savana and MGIC – also helps customers simplify the non-delegated
process by allowing them to submit loan documents to MGIC without
leaving the platform. This automation of data exchange helps
improve the loan origination process by saving time and increasing
accuracy.
"We are excited to partner with MGIC to offer our mutual
customers an improved experience in ordering rate quotes and
delegated/non-delegated mortgage insurance underwriting. The nGage
platform provides the lender a seamless experience in ordering
services from MGIC, improving data integrity and reducing time to
loan approval," said Savana, Inc.'s Senior Vice President of
Product Management, Laurel
Quigley.
"Our integration with Savana, Inc. addresses the growing demand
for automation in the loan origination process and demonstrates our
continued commitment to offering these solutions to our customers,"
said Margaret Crowley, Vice
President of Marketing and Customer Experience at MGIC.
About MGIC
MGIC, the principal subsidiary of MGIC Investment Corporation,
this year celebrates 60 years of serving the mortgage finance
industry. As the founder of modern private mortgage insurance, MGIC
is committed to providing products and services that make
originating affordable low-down-payment mortgages safer for the
financial institutions served. Fulfilling this vital role helps
families achieve homeownership sooner. At April 30, 2017, MGIC had $184.3 billion of primary insurance in force
covering approximately 1 million mortgages.
About Savana, Inc.
Savana, Inc., headquartered in Malvern, Pennsylvania, is a software company
focused on delivering advanced automation solutions to the
mortgage, retail banking and payments industries. Since its
founding in 2009, Savana has delivered mission critical
applications to some of the largest financial institutions and
FinTech resellers in the United
States.
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SOURCE MGIC Investment Corporation