National Mortgage Insurance Corp. said Tuesday it is now integrated with Vesta, a loan origination system (LOS) provider and software-as-a-service (SaaS) company.
The integration now enables lenders to obtain price quotes and order its real-time, risk-based mortgage insurance instantly through National MI's Rate GPS tool, without having to leave the Vesta LOS platform, the company said.
National MI’s application programming interface (API) platform enables lenders and LOS providers to quickly and seamlessly retrieve accurate mortgage insurance quotes through Rate GPS, the company said.
Using open, cloud-based APIs, National MI said, Vesta’s LOS empowers lenders of all sizes to build customizable workflows and rules around their mortgage processes without using developer resources.
“We are delighted to partner with Vesta to make ordering MI through our Rate GPS tool as easy as possible for lenders,” said Norm Fitzgerald, chief sales officer with National MI. “We are thrilled to add Vesta, a leading SaaS company building next-generation LOS technology, to our list of integration partners.”
Vesta CEO Mike Yu agreed. “We are excited to offer National MI’s Rate GPS through Vesta’s LOS,” he said. “This partnership is just another example of our ongoing effort to provide digital solutions that significantly simplify and streamline the mortgage origination process for lenders and their borrower customers.”
National MI, a subsidiary of NMI Holdings Inc., is an Emeryville, Calif.-based, private mortgage insurance company.
Vesta is an SaaS provider of mortgage loan origination software. The company was founded in 2020 by Blend employees Mike Yu and Devon Yang.
