PathSoftware says its cloud-based mortgage loan origination software (LOS), Path, is now integrated with Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc.
This direct connect integration allows Path users to obtain rate quotes and order MI on both a delegated and non-delegated basis, and to submit documents without leaving their LOS. MI premiums are also auto-populated into the appropriate fields in Path to help streamline the MI ordering process, improving efficiency and productivity.
“Direct integrations with our partners are essential to streamlining the mortgage origination process for our customers,” says Doug Mitchell, director of sales and support at PathSoftware. “By partnering with Radian, our clients can now easily order MI directly from one of the nation’s top providers.”
Radian Guaranty’s MI products protect lenders from default-related losses, facilitate the sale of low-down-payment mortgages in the secondary market and enable homebuyers to purchase homes more quickly with down payments less than 20%.