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Mortgage Guaranty Insurance Corporation and Mortgage Coach are now integrated, making MGIC's mortgage insurance quotes available through the Mortgage Coach home loan strategy and virtual presentation platform.
Loan originators will be able to include live MGIC rate quotes in their loan scenarios without leaving the platform, according to a press release. The new automation produces real-time mortgage insurance quotes to the Mortgage Coach platform.
"The best customer service is fast and reliable; this integration will ensure quick and accurate mortgage insurance quotes for loan officers and their borrowers," Margaret Crowley, MGIC vice president of Marketing and Customer Experience.
"More than twenty percent of our loans have mortgage insurance, translating to thousands of units per year," said Paul Anastos, chief innovation officer at Guaranteed Rate, Inc. "Clearly communicating MI benefits early in the borrower conversation is a significant competitive advantage for our team. Having our specific MI quote available instantly within Mortgage Coach saves time on every presentation, a crucial value for every professional today."