MGIC Mortgage Insurance Available Through LoanSifter

""Mortgage Guaranty Insurance Corporation"":http://www.mgic.com/index.html (MGIC) is now offering insurance rates and eligibility to lenders through ""LoanSifter"":https://www.loansifter.com/index.aspx, the Wisconsin-based mortgage insurer announced.

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The MISMO-based integration allows LoanSifter users to seamlessly check MGIC's pricing and eligibility without having to leave LoanSifter's Best Execution MI Pricing Platform, which is automatically triggered when a loan scenario exceeds 80 percent loan-to-value ratio. The automated two-way exchange of data provides lenders with a more efficient and accurate lending process, allowing them to close loans faster and achieve higher profits.

According to a release, the integration builds upon an established partnership between MGIC and LoanSifter.

""Seamless access to MGIC's loan eligibility and competitive mortgage insurance rates through LoanSifter enables our customers to more effectively streamline their loan origination processes,"" said Sal Miosi , VP of marketing at MGIC. ""MGIC's partnership with LoanSifter represents our dedication to providing customers with easy access to our mortgage insurance programs.""

""At LoanSifter we are thrilled to expand our relationship with MGIC,"" said LoanSifter president Bruce Backer. ""The ability for lenders to quote mortgage insurance accurately and in real-time is becoming increasingly critical during the origination process in order to satisfy ever-growing compliance needs and borrower expectations. Our customer base now has instant access to MGIC's loan eligibility and rates, alongside their product eligibility and pricing.""

Corey Dubnoff, president of LoanSifter customer American Financial Resources, Inc., said his company is ""excited about this important integration.""

""Having the ability to check mortgage insurance rates through MGIC within LoanSifter will not only help us respond to customers with a quick, clear and concise mortgage insurance quote, but will also streamline our overall pricing process while helping us stay compliant,"" Dubnoff said.