National MI Now Integrated Into Compass Analytics Pricing Engine
The integration delivers live Rate GPS(SM) Risk Based Pricing to mutual customers
As soon as a loan officer runs a search for loan options through CompassPPE™, the pricing engine interacts directly with the NMI platform to provide MI pricing with multiple options for lender-paid coverage, borrower-paid single premium and borrower-paid monthly premium coverage.
“National MI is very pleased to join forces with Compass Analytics,” said
The National MI integration brings real-time, risk-based MI pricing to the Compass platform, providing loan officers with the ability to advise their borrowers with side-by-side MI pricing comparisons from their MI providers.
CompassPPE™ provides multiple MI pricing options including risk-based MI quotes, real-time MI integration and managed rate cards. The multiple options on pricing, as well as different controls for lenders and loan officers to review and select MI pricing, allow customers to tailor the offering based on their business practices and workflows.
About Compass Analytics
Compass Analytics is an innovator in the FinTech industry and a leading provider of pricing technology to lenders. Compass develops cutting-edge mortgage analytics, and offers advisory and active risk management services to mortgage bankers, traders, investors, and banks. Compass’s platform is revolutionizing the way home loans are formed and sold through the use of innovative real-time technology supported with services, expertise and guidance.
About National MI
Investor Contact for National MI
Vice President, Investor Relations and Treasury
Investor Contact for Compass Analytics
Source: NMI Holdings Inc