That means users of Mortgage Cadence’s Enterprise Lending Center (ELC) solution now have an easy path for obtaining Radian MI rate quotes, ordering insurance, and receiving order status updates without ever leaving the platform.
The integration centralizes all data and documents related to the mortgage insurance transaction and stores this information within ELC to avoid rekeying of information from external sites, the companies say in a release.
This single-system approach benefits lenders by eliminating the risk of human error, reducing labor and accelerating loan closing.
“Our goal is to help our clients connect to the providers they want to work with and operate at optimal efficiency,” says Brian Benson, executive manager of services at Mortgage Cadence, in a release. “This integration extends our provider network and offers direct, on-platform access to Radian’s mortgage insurance services.”