Mortgage Guaranty Insurance Corp. has made its products available through an integration with Ellie Mae’s platform.
Customers can place orders for MGIC Rates, Delegated MI, Non-Delegated MI, and Contract Underwriting through Ellie Mae's Total Quality Loan Program. It’s designed to equip customers with the capability to streamline rate quote and order processes through automation monitor key data changes, alert users of when to re-order a rate quote or MI certificate and drive faster processing times. Also, the new service 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… believe it will be a valuable part of our loan process going forward," says Eric Webb, assistant vice president underwriting at Churchill Mortgage Corp.
"Lenders nationwide continue to seek new opportunities for mitigating costly errors and driving revenue through automation,” said Margaret Crowley, vice president of marketing and Customer Experience at MGIC.