EMERYVILLE, Calif., Feb. 25, 2015 /PRNewswire/ -- National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc., (NASDAQ: NMIH) announced its mortgage insurance products are available through the Architect® loan origination system, an award-winning component of the Mortgage Builder® platform. National MI is also integrated with Blueprint® technology, the Mortgage Builder platform's electronic document management (EDM) solution. Blueprint software enables lenders to receive, share, store, retrieve and deliver loan files in a completely paperless environment.
Mortgage Builder software delivers industry-leading loan origination software (LOS) to mortgage banks, community banks, credit unions and other financial institutions.
"Lenders are now able to access and order National MI's insurance products directly through Architect," said Michael Dirrane, senior managing director and chief sales officer for National MI. "This streamlines the process, allowing our mutual clients to obtain a rate quote or commitment from National MI, all without ever having to leave Architect."
The integration with Blueprint software gives lenders improved efficiency in working with National MI and Mortgage Builder through a secure, paperless exchange of documents, Dirrane added. "Our lender customers who use Blueprint are now able to transmit their documents seamlessly," he said. "It's another option we offer our customers to transmit loan documents electronically and securely."
National MI is currently the only private mortgage insurer with integration to Blueprint.
"Blueprint's virtual file cabinet gives lenders real time access to digital loan files, eliminating the need for physical documents," said Keven Smith, president and CEO of the Mortgage Builder business. "Ordering mortgage insurance is an important part of the mortgage process. With this integration, our clients have the ability to order National MI's products efficiently and securely in Architect, and then to access to loan files in a paperless environment through Blueprint."
"The integration between Mortgage Builder's Architect and National MI streamlines the process for us," said Brigitte Kaliszewsky, vice president of risk management with Mortgage Center, who uses both solutions. "It allows us to order National MI directly within Architect, rather than using multiple systems, which simplifies our origination process."
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.
About Mortgage Builder
Mortgage Builder, an Altisource® business unit, provides industry-leading loan origination software to mortgage banks, community banks, credit unions and other financial institutions in the United States. Mortgage Builder's mortgage software solutions include: origination, servicing, lead/customer management, production portal and electronic document management software. Mortgage Builder has been named by Mortgage Technology Magazine as one of the industry's Top 50 Service Providers for the eighth consecutive year. Visit www.MortgageBuilder.com.
About Altisource®
Altisource Portfolio Solutions S.A. is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries offering both distribution and content. Altisource leverages proprietary business process, vendor and electronic payment management software and behavioral science based analytics to improve outcomes for marketplace participants. Altisource has been named to Fortune's fastest growing global companies two years in a row. Additional information is available at www.Altisource.com.
Press Contact
Mary McGarity
Strategic Vantage Mortgage Public Relations
(203)513-2721
MaryMcGarity@StrategicVantage.com
Investor Contact
John M. Swenson
Vice President, Investor Relations and Treasury
john.swenson@nationalmi.com
(510)788-8417
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SOURCE NMI Holdings, Inc.
