National MI Integrates with Mortech’s Product and Pricing Engine
March 02 2021 - 7:00AM
National Mortgage Insurance Corporation (National MI), the primary
operating subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is now
integrated with Mortech®, a Zillow® Group business. This
integration brings National MI’s real-time, risk-based mortgage
insurance pricing tool, Rate GPS® , to lenders leveraging Mortech’s
industry-leading product and pricing engine, helping them gain
operational efficiencies including increased productivity and
decreased loan officer cycle time for a more expedited customer
response time.
“National MI is very pleased to integrate with
Mortech, an industry leader in mortgage pricing technology,” said
Norm Fitzgerald, chief sales officer with National MI. “Lenders and
mortgage professionals leveraging Mortech’s pricing engine will now
have access to our competitive rates through our Rate GPS
risk-based pricing tool, saving them time and streamlining the
origination process.”
Mortech’s product and pricing engine provides lenders with
instant, accurate pricing at the click of a button, factoring in
base price, servicing-released premium (SRP), loan-level price
adjustments (LLPAs) and profit margin. These fully automated
processes that Mortech provides also include the ability to compare
PMI pricing eligibility and product selection, which can help
eliminate the need for lenders to manually search, compare and
price mortgage insurance.
“We’re excited to now offer lenders using our platform an
enhanced and simplified process for obtaining competitive mortgage
insurance premiums for their customers, all in one unified
workflow,” said Doug Foral, general manager of Mortech. “This
integration will help our lenders stay competitive in today’s
fast-paced mortgage environment.”
About National MINational 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 MortechMortech supplies thousands of
mortgage professionals with a number of services and tools, such as
all-in-one pricing, predictive analytics for customer retention,
online rate quoting, API services, custom rate sheets, and loan
product eligibility. Founded in 1987, Mortech is based in Lincoln,
Neb. and is owned and operated by Zillow Group, Inc. (NASDAQ:Z and
ZG). Zillow and Mortech are registered trademarks of Zillow, Inc.
For more information, visit: http://www.mortech.com/.
Cautionary Note Regarding Forward
Looking StatementsThis press release contains forward
looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended (the "Securities Act"), Section
21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act”), and the U.S. Private Securities Litigation Reform
Act of 1995. Forward-looking statements are statements about
future, not past, events and involve certain important risks and
uncertainties, any of which could cause our actual results to
differ materially from those expressed in our forward-looking
statements. Forward-looking statements in this press release
include, without limitation, statements regarding the performance
of National MI's technology integration. Any or all of our
forward–looking statements in this press release may turn out to be
inaccurate. You are cautioned not to place undue reliance on
such statements. More information about the risks, uncertainties
and assumptions affecting National MI can be found in the risk
factors and forward-looking statements cautionary language
contained in our Annual Report on Form 10-K and in other filings
made with the Securities and Exchange Commission.
Press Contact for National
MI Mary McGarityStrategic Vantage Mortgage Public
Relations(203)260-5476MaryMcGarity@StrategicVantage.com
Investor Contact for National
MIJohn M. SwensonVice President, Investor Relations and
Treasuryjohn.swenson@nationalmi.com(510)788-8417
Press Contact for MortechGreg
Bartoschpress@zillow.com
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