EMERYVILLE, Calif., March 12, 2019 (GLOBE NEWSWIRE) -- National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ:NMIH), announces it is now integrated with WEI Technology LLC's loan origination system (LOS), LendingPad.
Lender customers using the LendingPad® LOS can order National MI rate quotes and delegated mortgage insurance without leaving the LendingPad platform. With LendingPad integrated into National MI's risk-based pricing platform, Rate GPS(SM), mutual clients are now able to obtain immediate and accurate mortgage insurance rate quotes. Automating the exchange of data saves time and increases accuracy, improving the loan origination process.
"National MI is very pleased to join forces with LendingPad," said Mike Dirrane, chief sales officer and senior managing director with National MI. "The integration of National MI and LendingPad provides many benefits to our mutual lender customers by providing accurate and competitive Rate GPS risk-based pricing, saving time and streamlining the loan origination process to better serve borrowers."
"Our lender customers will realize greater efficiency due to this integration," said Wes Yuan, managing member of WEI Technology. "Lenders can quickly go from quoting MI rates to obtaining a mortgage insurance certificate in just a few clicks."
The National MI integration brings real-time, risk-based MI pricing to the LendingPad platform, which also enables brokers to get rate quotes right away, Dirrane said. "National MI is committed to having the most up-to-date technology, especially as technology is playing an increasing role in the loan origination process. We're also committed to providing the best possible experience to our customers and the borrowers they serve."
About National MI
National 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.
LendingPad's innovative cloud-based loan origination system (LOS) was created by mortgage professionals to modernize the complex loan origination process. LendingPad's solutions elevate the efficiency, compliance, and information security of brokers, lenders, banks and credit unions. LendingPad's unique features include customized dashboards, same-file multi-user edit capabilities and real-time pushed updates. These solutions streamline the origination process while lowering the total cost of mortgage lending. LendingPad ® Network is a hub connecting borrowers, brokers, lenders and service providers. LendingPad is a product of WEI Technology LLC, headquartered in McLean, VA. More information is available at lendingpad.com.
Source: NMI Holdings Inc
WEI Technology LLC was founded in 2015 with the objective of providing effective technology solutions that span the entire mortgage lending process, to strengthen communication and ultimately, to lower total cost of mortgage lending.