Rates and eligibility information for Mortgage Guaranty Insurance Corp.’s private mortgage insurance products are now available via LoanSifter.
Users no longer have to leave LoanSifter’s Best Execution MI Pricing Platform in order to get this information. The MI platform is automatically triggered when the lender puts in a scenario where the loan-to-value ratio exceeds 80%.
Bruce Backer, president of LoanSifter, said, “The ability for lenders to quote mortgage insurance accurately and in real time is becoming increasingly critical during the origination process in order to satisfy ever-growing compliance needs and borrower expectations.”
In January, an interface was created where originators were able to get pricing and eligibility information for Essent’s products through LoanSifter.
Backer declared, “An increasing number of LoanSifter lenders have been seeking access to Essent’s pricing and products. We couldn’t be more thrilled about this partnership with Essent.”
The same information is also available on the LoanSifter platform for Radian and United Guaranty.