MILWAUKEE, May 21, 2019 /PRNewswire/ -- Blue
Sage, developers of the only browser-based, end-to-end lending
technology designed to provide borrowers with a digital mortgage
experience, and Mortgage Guaranty Insurance Corporation (MGIC)
(NYSE: MTG), the nation's first private mortgage insurer, jointly
announced today the availability of MGIC's mortgage insurance rate
quotes and delegated MI service ordering through the Blue Sage
Digital Lending Platform.
Through this technology integration, loan originators can select
MI products and order MGIC rate quotes or delegated MI without
leaving the platform, improving the speed and accuracy of ordering
MGIC MI.
This partnership with MGIC is another step forward in Blue
Sage's vision to provide an end-to-end, cloud-based digital
mortgage experience capable of handling any business channel, from
retail to wholesale, correspondent and even consumer direct. The
integration was made possible through Blue Sage's unique
application programming interfaces (APIs), which provide seamless
interoperability between the platform and third-party
systems.
"We're proud to partner with MGIC, which shares our vision to
streamline the mortgage insurance process for lenders and
consumers," said Joe Langner, CEO of
Blue Sage. "Our automated integration with MGIC significantly
reduces time and effort involved in ordering insurance, regardless
of a lender's channel of business. Through partnerships such as
these, Blue Sage continues to modernize mortgage lending in the
cloud in ways that other platforms simply cannot match."
"We are excited to be working with Blue Sage to bring the newest
MGIC offerings to our mutual customers," said Margaret Crowley, Vice President of Marketing
and Customer Experience at MGIC. "As we continue to define new ways
of supporting the private mortgage insurance needs of our
customers, partners like Blue Sage are creating platforms that
support continuous innovation."
About MGIC
Mortgage Guaranty Insurance Corporation
"MGIC" (www.mgic.com), the principal subsidiary of MGIC Investment
Corporation, 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 April 30, 2019, MGIC had $212.5 billion of primary insurance in force
covering over one million mortgages.
From time to time MGIC Investment Corporation releases important
information via postings on its corporate website, and via postings
on MGIC's website for information related to underwriting and
pricing, and intends to continue to do so in the future. Such
postings include corrections of previous disclosures, and may be
made without any other disclosure. 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 for MGIC Investment Corporation alerts can
be found at
https://mtg.mgic.com/shareholder-services/email-alerts.
About Blue Sage
Blue Sage is an
innovative, cloud-based digital lending platform for
retail, wholesale and correspondent lenders that provides a
superior lending experience for every borrower. The company's
technology is 100% browser-based and provides end-to-end
functionality for the entire lending and fulfillment process,
regardless of channel. All Blue Sage solutions include mobile
applications and are delivered through a secure, fully managed
cloud service. The company's technology was developed over the past
four years by the founders of Palisades Technology Partners,
developers of Impact, the first end-to-end web-based loan platform
which was used by five of the 10 largest U.S. originators. Blue
Sage Solutions is headquartered in Englewood Cliffs, New Jersey. For more
information, visit www.bluesageusa.com.
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SOURCE Mortgage Guaranty Insurance Corporation