LoanLogics has announced that it is integrating price/premium data from Radian Guaranty Inc. into one of the mortgage industry’s leading pricing engine platforms. LoanLogics is integrating the cost of MI from Radian Guaranty, one of the foremost providers of private mortgage insurance, into the total calculation of principal payments, interest and fees from LoanDecisions product eligibility and loan pricing technology.
“LoanLogics is dedicated to delivering cutting-edge technology that provides competitive advantages to clients and ensures that they are compliant with CFPB regulations,” said Brian K. Fitzpatrick, president and CEO of LoanLogics. “The integration of Radian MI costs into LoanDecisions pricing enables us to enhance our capabilities to include mortgage insurance, providing more complete loan payment details for compliant pricing discussions with borrowers.”
This product integration enhances and simplifies the MI rate quote, and eventually the ordering process, for both Radian’s and LoanLogics’ customers, enabling them to instantly receive an accurate rate quote in real time within the LoanDecisions best execution platform. The platform delivers accurate, real-time investor pricing and eligibility data through an intuitive and comprehensive interface.
“This is exciting news because it’s one more way Radian is working to accomplish one of our top priorities—making it easier than ever to do business with us,” said Brien McMahon, Radian’s chief franchise officer. “Partnering with a well-regarded leader like LoanLogics will simplify how MI is ordered for many of our customers, and we’re proud to deliver that.”
“Having both best execution loan pricing and an accurate mortgage insurance quote at the fingertips of our loan officers helps them work more effectively with borrowers,” said Marcus Hadden, vice president of operations at First Choice Bank. “The integration automates the process and provides multiple mortgage insurance product options, all without leaving the application.”