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Radian launches new site to help homeowners in mortgage default

National Mortgage Professional
May 04, 2008

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.
Published
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