National Mortgage Insurance Corporation, a subsidiary of NMI Holdings Inc., announced that it is fully integrated with Cloudvirga's digital mortgage origination platform for retail and wholesale lenders. Mutual customers now have direct access to National MI's Rate GPS through Cloudvirga's technology platform.
Norm Fitzgerald, National MI's chief sales officer, said, "The integration reduces the time from application to closing for loan originators, brokers and consumers. National MI continually strives to help make the mortgage process easier for both lenders and borrowers, and this fits in perfectly with that objective."
Cloudvirga's software increases transparency, reduces the time it takes to process and close a loan, and helps reduce loan origination costs.