MGIC Mortgage Insurance Now Available Through LoanQuest(TM) From MortgageFlex(TM) Systems
28 Aprile 2008 - 6:55PM
PR Newswire (US)
MILWAUKEE, April 28 /PRNewswire/ -- Mortgage Guaranty Insurance
Corporation (MGIC) now offers a fully integrated, MISMO based, MI
Request & Response interface for ordering MGIC mortgage
insurance (MI) to mortgage lenders that are using LoanQuest(TM)
from MortgageFlex(TM) Systems, a provider of innovative software
solutions for the mortgage industry. The new interface makes it
possible to send MI applications directly from the LoanQuest system
to MGIC. MGIC will automatically process the request and update the
LoanQuest system as the status of the mortgage insurance request
changes. This contributes to a seamless mortgage lending process
that helps increase the overall efficiency of the mortgage loan
origination process for lenders. "We're always looking for ways to
make the lending process more efficient," said Craig Bechtle,
senior vice president of product development, MortgageFlex Systems,
Inc. "This new interface will provide our customers with the
ability to receive MI approvals and rate information from MGIC
without having to employ a secondary system." Supported by
componentized business architecture, the LoanQuest product platform
provides continuous expansion and on-going support for technology,
personnel, and business processes, while leveraging existing
organizational investments and commitments. LoanQuest comes fully
loaded with everything you need for a quick implementation and ways
to control costs and adapt quickly to changing market conditions.
About MGIC Investment Corporation MGIC (http://www.mgic.com/), the
principal subsidiary of MGIC Investment Corporation, is the
nation's leading provider of private mortgage insurance coverage
with $221.4 billion primary insurance in force covering 1.5 million
mortgages as of March 31, 2008. MGIC serves over 3,300 lenders with
locations across the country and in Puerto Rico, Guam and Australia
helping families achieve homeownership sooner by making affordable
low-down-payment mortgages a reality. About MortgageFlex Systems,
Inc. MortgageFlex Systems, Inc., a provider of innovative software
and systems solutions to mortgage companies and lending
institutions, was named one of the "Top 50 Providers of 2007," by
Mortgage Technology Magazine. Headquartered in Jacksonville, Fla.,
the company, which began operations in 1980, launched LoanQuest(TM)
in 1984, the industry's first fully integrated product suite
designed to simplify loan origination. For information about
products and services, please call 800-326-3539 or visit
http://www.mortgageflex.com/. Media inquiries may be directed to
Joyce Saunders at 904-356-2490, ext. 3260. DATASOURCE: Mortgage
Guaranty Insurance Corporation CONTACT: media, Katie Monfre,
+1-414-347-2650, , or investors, Michael J. Zimmerman,
+1-414-347-6596, , both of Mortgage Guaranty Insurance Corporation
Web site: http://www.mgic.com/ http://www.mortgageflex.com/
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