Advertisement
New Partnership Makes MI Available Through LOS
Avista Solutions has announced that mortgage insurance (MI) from global financial security firm Genworth Financial is now available to its customers through a direct system integration. The two companies began cultivating a partnership when their mutual mortgage lender customers expressed a strong interest in the ability to order MI from Genworth without exiting their Avista Agile LOS. As a result of the integration, Avista customers can now select MI from Genworth during the loan origination process and can expect an MI commitment from Genworth within 60 sec.
“Meeting the needs of our customers is a priority at Avista, and a seamless integration to MI from Genworth was a recent request that we felt held great value to Avista, our customers and Genworth,” Avista Solutions CEO Mark Phlieger said. “This new partnership with Genworth allows our users to easily connect borrowers with a high quality MI product that will ultimately help them attract more borrowers and close more loans.”
Benefits of MI from Genworth include Job Loss Protection, which can pay a qualifying borrower’s mortgage up to $2,000 a month for up to six months; a Homeowner Assistance Program, a one-on-one partnership with a Genworth professional available in the event of a financial hardship; and Homebuyer Privileges, which comprise up to $3,000 in rebates, discounts and special offers. By ordering MI from Genworth through their Avista Agile LOS, Avista customers can eliminate the hassle of duplicate data entry, receive MI commitment documents in PDF format with faster processing and response time.
“It is important to our customers to have seamless electronic data interface options,” said Robert Noble, Genworth Mortgage Insurance VP of information technology. “These interfaces improve productivity and reduce the time to generate a Genworth MI commitment. We are pleased to be able to provide customers with reliable processing of MI submissions to Genworth through Avista’s LOS offering.”
About the author