MGIC Announces Enhancement to FICS’ Loan Producer

PR Newswire

MILWAUKEE, March 13, 2018 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC) (NYSE: MTG), the nation's first private mortgage insurer, announced today the availability of non-delegated mortgage insurance with document submission through Loan Producer^®, Financial Industry Computer Systems, Inc.'s (FICS^®) loan origination system (LOS).

Through the MISMO^® Mortgage Insurance Interface enhancement, Loan Producer customers can now submit non-delegated mortgage insurance orders and their corresponding loan documents to MGIC – all without leaving the platform. This automation of data exchange helps increase the efficiency and accuracy of the loan origination process.

"Enhancements such as this serve to further streamline our customers' processes and enhance their workflow," said Jeff Weinstock, Business Integration Manager at FICS.

"Our integration enhancement addresses the growing need for automation in the loan origination process," said Margaret Crowley, Vice President of Marketing and Customer Experience at MGIC. "It demonstrates our continued dedication to offering best-in-class solutions for our customers."

About MGIC (NYSE:MTG)

MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality. At February 28, 2018, MGIC had $196.5 billion of primary insurance in force covering approximately one million mortgages.

From time to time MGIC Investment Corporation releases important information via postings on its corporate website, including corrections of previous disclosures, without making any other disclosure and intends to continue to do so in the future. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information can be found at http://mtg.mgic.com under Investor Information.

About FICS

Founded in 1983 and headquartered in Dallas, Texas, Financial Industry Computer Systems, Inc. (FICS^®), specializes in providing flexible, comprehensive residential and commercial software solutions to the mortgage industry. FICS' software solutions have been architected to take advantage of the Microsoft^® Windows^®platforms using Microsoft^®.NET Framework with a rich Windows^® Presentation Foundation user interface and provides customers the flexibility to choose an in-house solution or cloud solution. The company also provides innovative document management and web-based capabilities in its full suite of products. Learn more about FICS' mortgage software solutions at www.FICS.com.

View original content:http://www.prnewswire.com/news-releases/mgic-announces-enhancement-to-fics-loan-producer-300613381.html