National MI, a private mortgage insurance (MI) company, has completed a systems integration with Lender Processing Services' (LPS) MSP servicing platform.
According to companies, the integration allows the servicer to report MI billing and disbursements, new loans, cancellations and delinquencies electronically to National MI.
The MSP platform gives mortgage bankers the ability to automate all areas of loan servicing, including loan setup and maintenance, customer service, cashiering, escrow administration, investor accounting, and default management for servicers throughout the U.S., says LPS.
Both Fannie Mae and Freddie Mac approved National MI as a qualified mortgage insurer in January, and National MI began writing mortgage insurance in April.
