MILWAUKEE, April 9, 2013 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the nation's largest private mortgage insurer based on insurance in force, announced today the availability of mortgage insurance through INTEGRA Software Systems' loan origination software (LOS) systems, Destiny and DestinyXpress.
Through the MISMO-based integration, Destiny and DestinyXpress users can order MGIC rate quotes, check eligibility and order mortgage insurance without leaving the platform. This automation of data exchange saves MGIC's and INTEGRA's customers data entry time and increases accuracy.
INTEGRA provides its current business partners use of the MGIC interface at no extra cost, along with over 133 existing interfaces to various vendors associated in the lender loan process.
INTEGRA President, Jerry Pratt, stated, "In an effort to constantly add value for our clients nationwide, we are pleased to add MGIC to our list of mortgage insurance partners. INTEGRA's seamless integration with MGIC provides for the electronic ordering and delivery of mortgage insurance rates and certificates without the user ever having to leave the system. This intuitive and easy to use approach ensures efficient and accurate delivery of information to better meet the demands of timely disclosures."
"Automated access to MGIC mortgage insurance, rates and eligibility allows customers to further streamline their loan origination processes," explained Sal Miosi, Vice President of Marketing at MGIC. "We're pleased to partner with INTEGRA. It demonstrates our continued dedication to automating access to our mortgage insurance programs and services."
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, is the nation's largest private mortgage insurer as measured by $162.1 billion primary insurance in force covering 1.0 million mortgages as of December 31, 2012. MGIC serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down payment mortgages a reality.
About INTEGRA Software Systems, LLC
Established in 1996, INTEGRA partners with mortgage lending clients – medium to large sized banks; brokers; credit unions; retail, wholesale, and sub-prime lenders – to provide each of them a competitive advantage with a loan origination system (LOS) tailored to their specific needs. INTEGRA's Destiny LOS spans point-of-sale through post-closing and secondary marketing for lenders interested in efficiencies gained from automating every step of their mortgage loan workflow. Destiny wraps around a lender's particular business model and each of their business channels: Retail, Wholesale, Correspondent, Internet, Telemarketing and Employee Loan. For more information about INTEGRA Software Systems, please visit www.integra-online.com or contact firstname.lastname@example.org or call 877-388-1394.
SOURCE MGIC Investment Corporation