National Mortgage Insurance Corp. (National MI), a subsidiary of NMI Holdings Inc., says its mortgage insurance products are now available through the Architect loan origination system (LOS), a component of the Mortgage Builder platform.
National MI is also integrated with Blueprint technology, the Mortgage Builder platform's electronic document management solution. Blueprint software enables lenders to receive, share, store, retrieve and deliver loan files in a completely paperless environment.
Mortgage Builder, an Altisource business unit, delivers LOS software to mortgage banks, community banks, credit unions and other financial institutions.
National MI says it is currently the only private mortgage insurer with integration to Blueprint.
"Blueprint's virtual file cabinet gives lenders real-time access to digital loan files, eliminating the need for physical documents," says Keven Smith, president and CEO of the Mortgage Builder business.
"Ordering mortgage insurance is an important part of the mortgage process,’ he explains. ‘With this integration, our clients have the ability to order National MI's products efficiently and securely in Architect, and then to access to loan files in a paperless environment through Blueprint."