MILWAUKEE, June 6, 2017 /PRNewswire/ -- Mortgage
Guaranty Insurance Corporation (NYSE: MTG), the nation's first
private mortgage insurer, announced today the availability of
affordable lending mortgage insurance rates through Optimal Blue's
Product and Pricing Engine.
Access to affordable housing mortgage insurance rates is an
enhancement to MGIC's existing integration, where Optimal Blue
customers can price mortgage insurance with standard coverage. With
this enhancement, when customers choose affordable product
coverage, the interface displays HomeReady®, Home
Possible® and HFA mortgage insurance rates.
"The enhancement provides a market advantage to Optimal Blue and
MGIC customers," said Harper Wong,
Director of Community Lending Solutions at MGIC. "Loan officers can
now target borrowers who qualify for affordable products by
providing accurate MI quotes in real-time."
"As the industry's leading secondary market automation platform,
Optimal Blue's mission is to provide the most accurate product
eligibility and pricing content to our lenders -- wherever and
whenever it matters most," said Bob
Brandt, Vice President of Marketing & Alliances for
Optimal Blue. "In partnership with MGIC, we are proud to take
another step forward with that mission by incorporating more
precise mortgage insurance rates for affordable housing."
"We're pleased to expand our partnership with Optimal Blue,
Freddie Mac, Fannie Mae and our HFA relationships to offer our
mutual customers a superior experience," said Margaret Crowley, Vice President of Marketing
and Customer Experience at MGIC. "It demonstrates our continued
commitment to offering affordable solutions to our customers and
ultimately the borrowers."
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 Optimal Blue
Optimal Blue operates the mortgage
industry's digital marketplace, connecting lenders, investors, and
providers with comprehensive secondary marketing solutions,
market-leading capabilities and value-added services that deliver
results. For more information, please visit
www.optimalblue.com.
HomeReady® is a registered Fannie
Mae trademark. Home Possible® is a registered Freddie
Mac trademark.
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SOURCE MGIC Investment Corporation