MILWAUKEE, Oct. 2, 2017 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the nation's first private mortgage insurer, has made its mortgage insurance available through Mortgage Cadence's Enterprise Lending Center loan origination system. The Enterprise Lending Center facilitates lending in all forward and reverse mortgage channels and across all mortgage products, including home equity.
Through the MISMO-based integration, customers of Mortgage Cadence's Enterprise Lending Center version 9.0 or later can now request rate quotes for MGIC insurance, submit delegated orders and receive status updates on their MGIC order — all without leaving the Enterprise Lending Center platform. Non-delegated mortgage insurance is also available. This automation of data exchange with MGIC reduces the time and increases the accuracy of the loan origination process.
"We are pleased to provide our clients with mortgage insurance through MGIC by integration with our Enterprise Lending Center," said Paul Wetzel, Mortgage Cadence's executive vice president of product management. "With this integration, our customers will benefit from easier access to MGIC's product offering."
"We're excited to expand our partnership with a technology leader like Mortgage Cadence," said Margaret Crowley, vice president of Marketing and Customer Experience at MGIC. "Our integration demonstrates our continued dedication to providing our mutual customers with a best-in-class loan origination experience."
MGIC, the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), this year celebrates 60 years of serving the mortgage finance industry. As the founder of the modern private mortgage insurance industry, MGIC is committed to providing products and services that make originating affordable low-down-payment mortgages options available for the financial institutions served. Fulfilling this vital role helps families achieve homeownership sooner. At August 31, 2017, MGIC had $190.1 billion of primary insurance in force covering over 1 million mortgages.
About Mortgage Cadence
Mortgage Cadence, a wholly owned subsidiary of Accenture, has been working with lenders since 1999, offering mortgage technology solutions designed for point-of-sale through post-closing. In a time when efficiency, speed and the customer experience are paramount to the success of lenders, Mortgage Cadence offers reliable software and dedicated people, supporting lenders every step of the way. Visit www.mortgagecadence.com for more information.