The integration means ‘lenders will now have a direct connection to Essent MI products without having to leave their MORvision loan file,’ explains Bill Kaiser, chief operations officer for Essent Guaranty, in a release. ‘Delegated and non-delegated customers also have the flexibility of checking rate quotes from Essent while working on a file.’
MORvision users will now be able to submit MI data directly to Essent Guaranty as well as receive MI rate quotes and MI certificate attachments via a custom-designed screen that supports the MISMO format. The information they send and receive can also be auto-populated into the appropriate MORvision loan files.
‘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,’ says Paul Imura, chief marketing officer for 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.’