MILWAUKEE, March 13, 2018 /PRNewswire/ -- Mortgage Guaranty
Insurance Corporation (MGIC) (NYSE: MTG), the nation's first
private mortgage insurer, announced today the availability of
non-delegated mortgage insurance with document submission through
Loan Producer®, Financial Industry Computer Systems,
Inc.'s (FICS®) loan origination system (LOS).
Through the MISMO® Mortgage Insurance Interface
enhancement, Loan Producer customers can now submit non-delegated
mortgage insurance orders and their corresponding loan documents to
MGIC – all without leaving the platform. This automation of data
exchange helps increase the efficiency and accuracy of the loan
origination process.
"Enhancements such as this serve to further streamline our
customers' processes and enhance their workflow," said Jeff Weinstock, Business Integration Manager at
FICS.
"Our integration enhancement addresses the growing need for
automation in the loan origination process," said Margaret Crowley, Vice President of Marketing
and Customer Experience at MGIC. "It demonstrates our continued
dedication to offering best-in-class solutions for our
customers."
About MGIC (NYSE:MTG)
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment
Corporation (NYSE: MTG), serves lenders throughout the United States, Puerto Rico, and other locations helping
families achieve homeownership sooner by making affordable
low-down-payment mortgages a reality. At February 28, 2018, MGIC had $196.5 billion of primary insurance in force
covering approximately one million mortgages.
From time to time MGIC Investment Corporation releases important
information via postings on its corporate website, including
corrections of previous disclosures, without making any other
disclosure and intends to continue to do so in the future.
Investors and other interested parties are encouraged to enroll to
receive automatic email alerts and Really Simple Syndication (RSS)
feeds regarding new postings. Enrollment information can be found
at http://mtg.mgic.com under Investor Information.
About FICS
Founded in 1983 and headquartered in Dallas, Texas, Financial Industry Computer
Systems, Inc. (FICS®), specializes in providing
flexible, comprehensive residential and commercial software
solutions to the mortgage industry. FICS' software solutions have
been architected to take advantage of the Microsoft®
Windows® platforms using Microsoft®.NET
Framework with a rich Windows® Presentation Foundation
user interface and provides customers the flexibility to choose an
in-house solution or cloud solution. The company also provides
innovative document management and web-based capabilities in its
full suite of products. Learn more about FICS' mortgage software
solutions at www.FICS.com.
View original
content:http://www.prnewswire.com/news-releases/mgic-announces-enhancement-to-fics-loan-producer-300613381.html
SOURCE MGIC Investment Corporation