MILWAUKEE, April 28 /PRNewswire/ — Mortgage Guaranty Insurance Corporation (MGIC) now offers a fully integrated, MISMO based, MI Request & Response interface for ordering MGIC mortgage insurance (MI) to mortgage lenders that are using LoanQuest(TM) from MortgageFlex(TM) Systems, a provider of innovative software solutions for the mortgage industry.
The new interface makes it possible to send MI applications directly from the LoanQuest system to MGIC. MGIC will automatically process the request and update the LoanQuest system as the status of the mortgage insurance request changes. This contributes to a seamless mortgage lending process that helps increase the overall efficiency of the mortgage loan origination process for lenders.
“We’re always looking for ways to make the lending process more efficient,” said Craig Bechtle, senior vice president of product development, MortgageFlex Systems, Inc. “This new interface will provide our customers with the ability to receive MI approvals and rate information from MGIC without having to employ a secondary system.”
Supported by componentized business architecture, the LoanQuest product platform provides continuous expansion and on-going support for technology, personnel, and business processes, while leveraging existing organizational investments and commitments. LoanQuest comes fully loaded with everything you need for a quick implementation and ways to control costs and adapt quickly to changing market conditions.
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 $221.4 billion primary insurance in force covering 1.5 million mortgages as of March 31, 2008. MGIC serves over 3,300 lenders with locations across the country and in Puerto Rico, Guam and Australia helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality.
About MortgageFlex Systems, Inc.
MortgageFlex Systems, Inc., a provider of innovative software and systems solutions to mortgage companies and lending institutions, was named one of the “Top 50 Providers of 2007,” by Mortgage Technology Magazine. Headquartered in Jacksonville, Fla., the company, which began operations in 1980, launched LoanQuest(TM) in 1984, the industry’s first fully integrated product suite designed to simplify loan origination.
For information about products and services, please call 800-326-3539 or visit http://www.mortgageflex.com/.
Media inquiries may be directed to Joyce Saunders at 904-356-2490, ext. 3260.
First Call Analyst:
Source: Mortgage Guaranty Insurance Corporation