MGIC mortgage insurance now available through LoanQuest from MortgageFlex SystemsMortgagePress.comMISMO-based, technology, personnel and business processes
Mortgage Guaranty Insurance
Corporation (MGIC) now offers a fully integrated, MISMO-based,
MI Request & Response interface for ordering MGIC mortgage
insurance (MI) to mortgage lenders that are using LoanQuest from MortgageFlex Systems, a
provider of innovative software solutions for the mortgage
industry.
The new interface makes it possible to send MI applications
directly from the LoanQuest system to MGIC. MGIC will automatically
process the request and update the LoanQuest system as the status
of the mortgage insurance request changes. This contributes to a
seamless mortgage lending process that helps increase the overall
efficiency of the mortgage loan origination process for
lenders.
"We're always looking for ways to make the lending process more
efficient," said Craig Bechtle, senior vice president of product
development, MortgageFlex Systems Inc. "This new interface will
provide our customers with the ability to receive MI approvals and
rate information from MGIC without having to employ a secondary
system."
Supported by componentized business architecture, the LoanQuest
product platform provides continuous expansion and on-going support
for technology, personnel and business processes, while leveraging
existing organizational investments and commitments. LoanQuest
comes fully loaded with everything you need for a quick
implementation and ways to control costs and adapt quickly to
changing market conditions.
For more information, visit www.mgic.com or www.mortgageflex.com.
