MGIC Announces New Integration with Ellie Mae's® Total Quality Loan (TQL)® Program
MILWAUKEE, Nov. 14, 2018 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC) (NYSE: MTG), the nation's first private mortgage insurer, and Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry, announced today the availability of MGIC Rates, Delegated MI, Non-Delegated MI, and Contract Underwriting through Ellie Mae's Total Quality Loan (TQL)® Program.
MGIC mortgage insurance services are now part of Ellie Mae Total Quality Loan (TQL). TQL provides an enhanced MGIC integration that equips our customers with the ability to streamline their rate quote and ordering processes through automation while monitoring key data changes, alerting users of when to re-order a rate quote or MI certificate and driving faster processing times. The new service also offers increased visibility into order history and helps to ensure that data is accurate, organized and securely transmitted.
"TQL has been part of our workflow to help drive efficiency in our loan processing for years. We are excited about being able to order mortgage insurance through TQL, and believe it will be a valuable part of our loan process going forward," says Eric Webb, Assistant Vice President Underwriting, Churchill Mortgage Corporation.
"We are proud to partner with Ellie Mae in bringing additional automation to our mutual customers," said Margaret Crowley, Vice President of Marketing and Customer Experience at MGIC. "Lenders nationwide continue to seek new opportunities for mitigating costly errors and driving revenue through automation. The Encompass MI Service within Ellie Mae TQL provides a valuable and simplified means for doing just that and more."
About MGIC (NYSE:MTG)
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), 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. At October 31, 2018, MGIC has $207.5 billion of primary insurance in force, covering approximately one million mortgages.
From time to time, MGIC Investment Corporation releases important information via postings on its corporate website, including corrections of previous disclosures, without making any other disclosure and intends to continue to do so in the future. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information can be found at http://mtg.mgic.com under Investor Information.
About Ellie Mae
Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae's technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com or call 877.355.4362 to learn more.
© 2018 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, Mavent®, Velocify®, the Ellie Mae logo and other trademarks or service marks of Ellie Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.
SOURCE Mortgage Guaranty Insurance Corporation
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