MILWAUKEE, Oct. 19, 2012 /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 Ellie Mae's Encompass360® mortgage management software.
Through the integration, Encompass360 users can order MGIC rate quotes and mortgage insurance without leaving the platform. The MISMO-based integration automatically returns PDFs for rate quotes and commitments and populates the appropriate mortgage insurance premium fields in Encompass360. This automation of data exchange – unique to MGIC – saves MGIC customers data entry time and increases accuracy.
"Automated access to MGIC mortgage insurance enables customers to further streamline their loan origination processes," said Sal Miosi, Vice President of Marketing at MGIC. "We're extremely pleased to partner with Ellie Mae. It demonstrates our continued dedication to automating access to our mortgage insurance services."
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, is the nation's largest private mortgage insurer as measured by $166.7 billion primary insurance in force covering 1 million mortgages as of June 30, 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.
Ellie Mae® and Encompass360® are registered trademarks of Ellie Mae, Inc.
SOURCE MGIC Investment Corporation