MGIC to Integrate MI Rates Within Optimal Blue

Jun 06, 2017

Mortgage Guaranty Insurance Corporation (MGIC) has announced the availability of affordable lending mortgage insurance rates through Optimal Blue's Product and Pricing Engine. With this enhancement, when customers choose affordable product coverage, the interface displays HomeReady, Home Possible and HFA mortgage insurance rates.

"The enhancement provides a market advantage to Optimal Blue and MGIC customers," said Harper Wong, director of Community Lending Solutions at MGIC. "Loan officers can now target borrowers who qualify for affordable products by providing accurate MI quotes in real-time."

Bob Brandt, vice president of Marketing and Alliances for Optimal Blue, said, “As the industry's leading secondary market automation platform, Optimal Blue's mission is to provide the most accurate product eligibility and pricing content to our lenders—wherever and whenever it matters most. In partnership with MGIC, we are proud to take another step forward with that mission by incorporating more precise mortgage insurance rates for affordable housing."

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Jun 06, 2017

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