MILWAUKEE, Oct. 2, 2017 /PRNewswire/ -- Mortgage Guaranty
Insurance Corporation (MGIC), the nation's first private mortgage
insurer, has made its mortgage insurance available through Mortgage
Cadence's Enterprise Lending Center loan origination system. The
Enterprise Lending Center facilitates lending in all forward and
reverse mortgage channels and across all mortgage products,
including home equity.
Through the MISMO-based integration, customers of Mortgage
Cadence's Enterprise Lending Center version 9.0 or later can now
request rate quotes for MGIC insurance, submit delegated orders and
receive status updates on their MGIC order — all without leaving
the Enterprise Lending Center platform. Non-delegated mortgage
insurance is also available. This automation of data exchange with
MGIC reduces the time and increases the accuracy of the loan
origination process.
"We are pleased to provide our clients with mortgage insurance
through MGIC by integration with our Enterprise Lending Center,"
said Paul Wetzel, Mortgage Cadence's
executive vice president of product management. "With this
integration, our customers will benefit from easier access to
MGIC's product offering."
"We're excited to expand our partnership with a technology
leader like Mortgage Cadence," said Margaret Crowley, vice president of Marketing
and Customer Experience at MGIC. "Our integration demonstrates our
continued dedication to providing our mutual customers with a
best-in-class loan origination experience."
About MGIC
MGIC, the principal subsidiary of MGIC
Investment Corporation (NYSE:MTG), this year celebrates 60 years of
serving the mortgage finance industry. As the founder of the modern
private mortgage insurance industry, MGIC is committed to providing
products and services that make originating affordable
low-down-payment mortgages options available for the financial
institutions served. Fulfilling this vital role helps families
achieve homeownership sooner. At August 31,
2017, MGIC had $190.1 billion
of primary insurance in force covering over 1 million
mortgages.
About Mortgage Cadence
Mortgage Cadence, a wholly
owned subsidiary of Accenture, has been working with lenders since
1999, offering mortgage technology solutions designed for
point-of-sale through post-closing. In a time when efficiency,
speed and the customer experience are paramount to the success of
lenders, Mortgage Cadence offers reliable software and dedicated
people, supporting lenders every step of the way. Visit
www.mortgagecadence.com for more information.
View original
content:http://www.prnewswire.com/news-releases/mgic-mortgage-insurance-now-available-through-mortgage-cadences-enterprise-lending-center-loan-origination-system-300527618.html
SOURCE MGIC