Users of LendingQB's loan origination system (LOS) can now get real-time rate quotes and quickly order private mortgage insurance (MI) from Essent MI for delegated and non-delegated loans, thanks to an integration announced by the two companies.
‘Essent is thrilled to be the first MI company to provide direct and real-time access to private mortgage insurance for lenders and borrowers through LendingQB,’ says Bill Kaiser, Essent Guaranty's chief operations officer, in a release. ‘Delegated and non-delegated customers will benefit from not having to leave the platform to check rate quotes and order MI and can feel confident in LendingQB as the loan system of record.’
The integration means users of LendingQB now have the ability to check rate quotes and order private MI without leaving the LendingQB platform.
‘Another step in the evolution of LendingQB's Web-based lending process is the ability to seamlessly offer MI through Essent Guaranty,’ adds Binh Dang, president of LendingQB. ‘The MI integration goes a long way toward achieving our lean lending mission by automating processing steps and increasing productivity. Also, the ability to effortlessly submit MI data offers a more efficient and effective mortgage experience for our lenders.’