MILWAUKEE, Nov. 16 /PRNewswire-FirstCall/ — Mortgage Guaranty Insurance Corporation (MGIC) (NYSE:MTG) mortgage insurance (MI) now offers continuous underwriting services to mortgage lenders that are using the Interlinq(R) E3(R) enterprise mortgage lending solution from Harland Financial Solutions. Harland Financial Solutions, Inc. is a wholly owned subsidiary of John H. Harland Company (NYSE:JH) .
After the initial underwriting request, MGIC will automatically update the Interlinq E3 system as the status of the mortgage-insurance request changes.
“Our partnership with MGIC continues to broaden the array of products and services integrated with E3 and further streamlines the mortgage lending process for our lenders,” said Joe Filoseta, executive vice president, Harland Financial Solutions’ Mortgage Solutions Group.
Interlinq E3, a Web-based loan production platform, provides critical business process management, integration and connectivity across the mortgage supply chain, enabling lenders to integrate service providers into their business process.
“In Harland Financial Solutions, MGIC has found a partner who shares our vision for a seamless mortgage lending process,” said Patrick Sinks, president and chief operating officer, MGIC. “Partnerships like this one increase the overall efficiency and speed for lenders, which ultimately helps families achieve their dream of homeownership faster.”
With the new integration, lenders can quickly and easily submit data to receive MI commitments and updates for both primary and pool requests.
About MGIC Investment Corporation
MGIC ( http://www.mgic.com/ ), the principal subsidiary of MGIC Investment Corporation, is the nation’s leading provider of private mortgage insurance coverage with $173.4 billion primary insurance in force covering 1.3 million mortgages as of September 30, 2006. MGIC serves 5,000 lenders with locations across the country and in Puerto Rico, helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality.
About Harland Financial Solutions
Harland Financial Solutions ( http://www.harlandfinancialsolutions.com/ ) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. The company is a leader in core systems, item processing, enterprise content management, branch automation, customer relationship management, business intelligence, origination and document solutions, risk management, compliance training, financial accounting, open documents, mortgage solutions, electronic funds transfer (EFT), self service solutions and performance advisory services.
About Harland
Atlanta-based John H. Harland Company (NYSE:JH) ( http://www.harland.net/ ) is listed on the New York Stock Exchange under the symbol “JH.” Harland is a leading provider of software and printed products to the financial institution market. Harland’s software solutions include deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems and customer relationship management systems. Harland’s printed products offerings include checks, direct marketing and financial forms. Scantron Corporation ( http://www.scantron.com/ ), a wholly owned subsidiary, is a leading provider of software services and systems for the collection, management and interpretation of data to the financial, commercial and educational markets.
