National MI Integrates with Mortgage Cadence LFC Platform
24 October 2023 - 3:00AM
National Mortgage Insurance Corporation (National MI), a subsidiary
of NMI Holdings, Inc. (NASDAQ: NMIH), is now integrated with the
Loan Fulfillment Center (LFC) loan origination system (LOS)
platform by Mortgage Cadence, a subsidiary of Accenture (NYSE:
ACN). The integration enables lender clients of both companies to
swiftly access price quotes and secure real-time, risk-based
mortgage insurance through National MI’s Rate GPS® tool without
leaving the LFC platform.
The integration with LFC, an out-of-the-box,
cloud-based digital retail LOS capable of handling mortgage
processes from application to closing and delivery, expands
National MI’s partnership with Mortgage Cadence. In 2022, National
MI integrated with the Mortgage Cadence Platform, the company’s
cloud-based digital LOS. Both integrations were made possible by
National MI’s state-of-the-art API platform.
“We are delighted to broaden our relationship
with Mortgage Cadence,” said Norm Fitzgerald, chief sales officer
at National MI. “Our goal is to make it as simple as possible for
lenders to order private mortgage insurance and help more borrowers
achieve their homeownership dreams. This integration provides
improved access and ease of use to customers using LFC, enabling
them to view our rates instantly.”
“We are excited to announce the successful
integration of National MI services with our 23.1 release on the
LFC platform. Having National MI as an option for our clients
demonstrates our commitment to providing competitive mortgage
insurance solutions to our customers, and their borrowers,” said
Jim Rosen, EVP of Services at Mortgage Cadence.
About National MINational
Mortgage Insurance Corporation (National MI), a subsidiary of NMI
Holdings, Inc. (NASDAQ: NMIH), is a U.S.-based, private mortgage
insurance company enabling low down payment borrowers to realize
home ownership while protecting lenders and investors against
losses related to a borrower’s default. To learn more, please visit
www.nationalmi.com.
About Mortgage CadenceMortgage
Cadence delivers the industry’s most complete, modern, cloud-based
digital lending platform designed to provide an exceptional user
experience throughout the entire mortgage lending life cycle,
across all channels and products. With a leading borrower
point-of-sale through closing collaboration tools, the end-to-end
platform is both complete and configurable offering an
open-architecture designed to meet the needs of today’s lenders.
The platform enables lenders to work more efficiently, leveraging
automation and workflow tools that deliver an excellent borrower,
sales and operational user experience. For more information
visit www.mortgagecadence.com.
Press Contact for National MI Mary
McGarityStrategic Vantage Mortgage Public
Relations(203)260-5476MaryMcGarity@StrategicVantage.com
Investor Contact for National MIJohn M.
SwensonVice President, Investor Relations and
Treasuryjohn.swenson@nationalmi.com(510)788-8417
NMI (NASDAQ:NMIH)
Historical Stock Chart
From Apr 2024 to May 2024
NMI (NASDAQ:NMIH)
Historical Stock Chart
From May 2023 to May 2024