Essent Guaranty and ISGN Announce Access to MI through MORvision Plug-In Partner Network
Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI), announced today that it is now offering lenders access to Essent MI for delegated and non-delegated loans and rate quotes through ISGN’s MORvision Plug-In Partner Network. ISGN CorporationTM (“ISGN”), is a leading provider of end-to-end technology solutions and services to the U.S. mortgage industry.
“We are excited to announce that Essent MI is now available on ISGN’s MORvision Plug-In Partner Network. Lenders will now have a direct connection to Essent MI products without having to leave their MORvision loan file,” said Bill Kaiser, Essent Guaranty’s chief operations officer. “Delegated and non-delegated customers also have the flexibility of checking rate quotes from Essent while working on a file.”
MORvision users now have a custom-designed screen where they can not only submit MI data directly to Essent Guaranty, but also receive MI rate quotes and MI certificate attachments, which are auto-populated into the appropriate MORvision loan files. The Essent Guaranty submission screen uses the MISMO standard mortgage insurance format and offers an intuitive streamlined user interface that requires fewer clicks than when ordering from the Web site. This customized submission system has been built directly into MORvision.
“Because saving for a down payment can take years, private mortgage insurance companies like Essent Guaranty are pivotal in providing capital to facilitate homeownership for first-time homebuyers and low down payment borrowers,” said Paul Imura, CMO of ISGN. “Access to Essent MI provides an automated, seamless experience for our lender clients and the ability to submit MI data on demand enabling a more efficient mortgage lending process for our clients and their borrowers.”
Essent Group Ltd. (NYSE:ESNT) is a Bermuda-based holding company which, through its wholly-owned subsidiary Essent Guaranty, Inc., offers private mortgage insurance for single-family mortgage loans in the United States. Essent provides private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners. Headquartered in Radnor, Pennsylvania, Essent Guaranty, Inc. is licensed to write mortgage insurance in all 50 states and the District of Columbia, and is approved by Fannie Mae and Freddie Mac. Additional information regarding Essent may be found at www.essentgroup.com.
Based in Palm Bay, Fla., ISGN is a leading end-to-end provider of mortgage technology and services, impacting over 5.5 million of all U.S. mortgage loans. Our domain and technology experts have spent more than 25 years creating award-winning technologies and solutions to help financial institutions improve precision, manage volatility and effectively transform their business. With flexible staffing and delivery models, ISGN is uniquely positioned as one of the few comprehensive end-to-end mortgage service providers to both the origination and servicing sectors. ISGN also offers valuation, title and closing services. The company works with a majority of the top ten national lenders, as well as with regional lenders, nonbanks, credit unions and community banks. For more information, visit www.ISGN.com.
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