ISGN Corporation (ISGN), a provider of end-to-end technology solutions and services to the U.S. mortgage industry, has announced that it is now offering a direct connection to United Guaranty Residential Insurance Company/United Guaranty Mortgage Indemnity Company (United Guaranty) through its MORvision Plug-In Partner Network. Lenders using ISGN’s MORvision loan origination system can now get upfront quotes, order mortgage insurance and receive MI certifications from United Guaranty without having to leave their MORvision systems. The MORvision Plug-In Partner Network is a collection of dozens of third-party providers that has been seamlessly integrated with MORvision, ISGN’s end-to-end loan origination system.
Prior to this direct connect upgrade, United Guaranty had a basic MORvision plug-in. Access was limited to Performance Premium customers who had to exit their MORvision systems and log into the United Guaranty Web site, UGCorp.com, to request quotes and order mortgage insurance. Now with the new direct connect plug-in, Performance Premium lender customers can order and receive mortgage insurance rate quotes—including a PDF of the quote—and MI certificates without leaving their MORvision systems. Pertinent information is automatically transferred, eliminating the need to re-enter rate quote data outside the LOS, saving lenders time and money.
MORvision users now have a custom-designed screen where they can not only submit MI data directly to United Guaranty, but also receive MI rate quotes and MI certificate attachments, which are auto-populated into the appropriate MORvision loan files. The United Guaranty submission screen uses the MISMO standard mortgage insurance format and offers an intuitive streamlined user interface that requires fewer clicks than when ordering from the Web site. This customized submission system has been built directly into MORvision.
“This plug-in allows lenders to order mortgage insurance quotes from United Guaranty, right upfront and early on in the process—that’s a major factor when it comes to complying with the regulations for upfront fee disclosures,” said Ankush Dham, director of technology products and services at ISGN. “Lenders can know right away how much mortgage insurance is going to cost. In addition to helping lenders stay compliant, this information allows lenders to keep borrowers better informed and well prepared, which in turn helps originators build credibility and cultivate long-term, trusted relationships. It’s really a win-win tool.”
