Private mortgage insurer National Mortgage Insurance Corp. (National MI) says rate quotes are now instantly available on both standard and affordable mortgage products through the company’s integration with Optimal Blue.
The availability of affordable lending mortgage insurance rates enhances National MI’s current interface with Optimal Blue’s product and pricing engine, the company says. Now, when lenders price mortgage products, they will be able to quickly view National MI’s mortgage insurance rates for Fannie Mae’s HomeReady, Freddie Mac’s Home Possible and state housing finance agency products, as well as for standard products.
“This enhanced integration with Optimal Blue enables our mutual lending customers to retrieve accurate mortgage insurance quotes instantly on standard or affordable coverage submissions, allowing them to conveniently offer these products to their borrowers,” says Laura Amato, senior vice president of strategic initiatives and servicing operations with National MI.