MILWAUKEE, Jan. 8, 2015 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC) announced today its integration with Axacore's electronic document management platform. Lenders relying on Axacore's document management platform now have the ability to securely send loan documents directly to MGIC without leaving their document management platform.
Through the integration, customers who use Axacore's platform directly or through one of its many LOS partners can order non-delegated mortgage insurance. This automation increases accuracy and saves customers time from having to manually submit the documents elsewhere.
"Our integration with Axacore addresses the growing demand for MGIC underwriting," said Sal Miosi, Vice President of Marketing at MGIC. "Automated document delivery to MGIC through Axacore's platform allows our customers to streamline their loan origination process. This partnership further illustrates MGIC's commitment to providing a best-in-class customer experience."
"We are pleased to offer this integration to mutual customers of Axacore and MGIC," said Steve DeBlasio, Vice President at Axacore. "This integration shows MGIC's and Axacore's dedication to providing their customers with innovative ways to increase efficiency and productivity."
MGIC, the principal subsidiary of MGIC Investment Corporation, 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 September 30, 2014 MGIC had $162.4 billion of primary insurance in force covering approximately one million mortgages.
Axacore, Inc. is a privately-held core technology provider of document management solutions to the lending industry. Axacore develops solutions that help lenders streamline paper-intensive business processes and automate the flow of documents to team members, customers, partners, and vendors. Founded in 1996, Axacore's award-winning platform is distributed worldwide through a network of partners, OEM providers and direct sales.