MILWAUKEE, Nov. 14, 2018 /PRNewswire/ -- Mortgage
Guaranty Insurance Corporation (MGIC) (NYSE: MTG), the nation's
first private mortgage insurer, and Ellie Mae®, the
leading cloud-based platform provider for the mortgage finance
industry, announced today the availability of MGIC Rates, Delegated
MI, Non-Delegated MI, and Contract Underwriting through Ellie Mae's
Total Quality Loan (TQL)® Program.
MGIC mortgage insurance services are now part of Ellie Mae Total
Quality Loan (TQL). TQL provides an enhanced MGIC integration
that equips our customers with the ability to streamline their rate
quote and ordering processes through automation while monitoring
key data changes, alerting users of when to re-order a rate quote
or MI certificate and driving faster processing times. The
new service also offers increased visibility into order history and
helps to ensure that data is accurate, organized and securely
transmitted.
"TQL has been part of our workflow to help drive efficiency in
our loan processing for years. We are excited about being able to
order mortgage insurance through TQL, and believe it will be a
valuable part of our loan process going forward," says Eric Webb, Assistant Vice President
Underwriting, Churchill Mortgage Corporation.
"We are proud to partner with Ellie Mae in bringing additional
automation to our mutual customers," said Margaret Crowley, Vice President of Marketing
and Customer Experience at MGIC. "Lenders nationwide continue to
seek new opportunities for mitigating costly errors and driving
revenue through automation. The Encompass MI Service within
Ellie Mae TQL provides a valuable and simplified means for doing
just that and more."
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 October 31, 2018, MGIC has $207.5 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 Ellie Mae
Ellie Mae is the leading cloud-based platform provider for the
mortgage finance industry. Ellie Mae's technology solutions enable
lenders to originate more loans, reduce origination costs, and
shorten the time to close, all while ensuring the highest levels of
compliance, quality and efficiency. Visit EllieMae.com or call
877.355.4362 to learn more.
© 2018 Ellie Mae, Inc. Ellie
Mae®, Encompass®,
AllRegs®,
Mavent®, Velocify®,
the Ellie Mae logo and other trademarks or service marks of Ellie
Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or
its subsidiaries. All rights reserved. Other company and product
names may be trademarks or copyrights of their respective
owners.
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SOURCE Mortgage Guaranty Insurance Corporation