Financial Industry Computer Systems Inc. (FICS), a mortgage technology specialist based in Dallas that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, says that Winston-Salem, N.C.-based Triad Guaranty Insurance Corp., a subsidiary of Triad Guaranty Inc., is utilizing its Mortgage Insurance (MI) interface.
The MI interface enables users of FICS' residential mortgage loan origination system, Loan Producer, to quickly and easily send MI applications directly to Triad Guaranty Insurance. Triad Guaranty can then automatically process the request and send status updates along with the commitment and certificate of insurance directly back to Loan Producer.
According to the companies, this process results in a seamless mortgage insurance ordering process that enhances the overall efficiency for lenders.