Radian Now Offers Mortgage Insurance Pricing through Compass Analytics

PHILADELPHIA, PA (April 23, 2019) /Business Wire/ – Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (NYSE:RDN), announced today that Radian MI is now available directly through Compass Analytics’ product, pricing and eligibility (PPE) engine, CompassPPE™ (CPPE).

This integration is helping ensure customers receive Radian’s most competitive MI rates by providing them access to a comprehensive, contemporary PPE that is designed to optimize speed, flexibility and generic cialis manufacturers accuracy. Lenders and loan officers can conveniently view precise, side-by-side comparisons of Radian’s MI products in one seamless transaction.

“Radian is dedicated to providing our customers with accurate and streamlined access to our product offerings and, through our integration with Compass Analytics, we are continuing to make good on that promise,” said Radian Chief Franchise Officer Brien McMahon. “No matter the pricing options our customers use, CompassPPE™ puts accurate, granular pricing tools in the palm of their hands.”

Through CPPE, Radian offers pricing for a standard rate card, as well as RADAR Rates, Radian’s more granular MI pricing option that allows lenders to search with confidence knowing that each rate quote is fine-tuned to their borrower’s individual risk profile and loan attributes.

“Compass Analytics is proud to partner with an industry leader like Radian,” said Nancy Pollard, Managing Director of Pricing Technologies. “Our vision for pricing technology aligns with Radian’s goal of providing customers with accurate, customized pricing tools that allow them to make well-informed decisions and transact with ease.”

For more information about Radian’s comprehensive suite of real estate and mortgage solutions, visit www.radian.biz.

About Radian

Radian is ensuring the American dream of homeownership responsibly and sustainably through products and order cipro services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, and title services. We are powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk. Learn more about Radian’s financial strength and flexibility at www.radian.biz and visit www.radian.com to see how Radian is shaping the future of mortgage and real estate services.

About Compass Analytics, LLC

Compass Analytics is an innovator in the FinTech industry and a leading provider of pricing technology to lenders. Compass develops cutting-edge analytics and offers advisory and active risk management services to mortgage bankers, traders, investors, and banks. Compass Analytics’ 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. Compass’ suite of tools includes CompassPoint™, CompassPPE™, CompassBid™, CompassDirect™, and CompassCommit™.

Compass Analytics Releases Innovative API Library and Mobile Tech Expansion

SAN FRANCISCO, CA (March 5, 2019) /PRNewswire/ – Compass Analytics announced today significant enhancements to CompassPoint™, their industry-leading risk management and loan sales platform. Compass’s first major update of 2019 provides clients more integration opportunities and introduces innovative mobile capabilities.

Recognizing the critical role of integrations in today’s mortgage market, Compass Analytics added to its library of APIs by expanding support of Fannie Mae’s Servicing Marketplace (SMP). Lenders are now able to use the CompassPoint™ suite to create mandatory commitments with SMP, returning both the SRP value and note-rate level pricing with the click of a button. Users can save each component of the total loan price, including base price, each LLPA, SRP and investor fees, and seamlessly export that information to their LOS. These enhancements build on the Compass commitment to Fannie Mae’s SMP, following Compass’ first to market support of the Servicing Marketplace API in May 2018 as well as the successful implementation of the SMP-SRP v2 API in December.

Empowering users who are increasingly away from their desk, Compass Analytics introduced a new Bid Tracker feature of its mobile responsive Pipeline Vitals application. Lenders are now able to view the status of loan sales from a phone, watching as win percentages and projected bulk bid spreads change in real time. “Shadow” bids are shown in the same application, simplifying lender access to new investor partnerships. Core Vitals functionality includes real-time risk position updates, an executive summary showing lock and margin information within peer group comparisons, and an intuitive dashboard showing market movement both intraday and since time of rate sheet publication.

“Mortgage bankers are focused on controlling cost in 2019 and workflow efficiencies are direct ways of accomplishing this,” stated James Baublitz, Product Manager — Pipeline Analytics. Baublitz continued, “Compass Analytics is committed to its role as an integral player in our client’s march toward fully integrated capital markets solutions.”

About Compass Analytics, LLC

Compass Analytics is an innovator in the FinTech industry and a leading provider of pricing technology to lenders. Compass develops cutting-edge analytics and offers advisory and active risk management services to mortgage bankers, traders, investors, and banks. Compass Analytics’ 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. Compass’ suite of tools includes CompassPoint™, CompassPPE™, CompassBid™, CompassDirect™, and CompassCommit™.

Genworth Mortgage Insurance and CompassPPE™ Offer Mortgage Insurance Pricing Integration

SAN FRANCISCO, CA (February 19, 2019) /PRNewswire/ – Compass Analytics, a leading innovator of mortgage technology, has integrated its product, pricing and eligibility engine, CompassPPE™, into Genworth Mortgage Insurance’s platform to enable mutual clients to obtain immediate and accurate real-time mortgage insurance (MI) rate quotes and conduct pricing comparisons. Compass and Genworth have worked together to provide loan officers with a seamless MI product selection and pricing experience.

Nancy Pollard, CompassPPE™ Managing Director, Pricing Technology said, “Our innovative two-step process for providing MI quotes combines lightning fast response with accurate real-time quotes from Genworth’s pricing engine, helping lenders deliver exemplary service to their customers.”

As soon as a loan officer completes an initial search for loan options through CompassPPE™, the pricing engine interacts directly with Genworth’s platform to provide customer-specific MI pricing. Options are available for lender-paid coverage, borrower-paid single premium, and borrower-paid monthly premium coverage. Adds Pollard, “This integration with Genworth Mortgage Insurance represents an important step forward in MI pricing technology – creating a fully integrated solution that automates and streamlines all aspects of loan pricing from origination through capital markets and loan sale.”

“We are very excited to partner with Compass Analytics,” said Kevin McMahon, Genworth’s Senior Vice President of Customer Solutions. “Their user-centric approach aligns with Genworth’s commitment to providing an outstanding customer experience and delivering value to our shared customers through integrated rate quoting services.”

About Genworth Mortgage Insurance

Genworth Mortgage Insurance is an operating subsidiary of Genworth Financial, Inc. (NYSE: GNW), a Fortune 500 insurance holding company committed to helping families achieve the dream of homeownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com.

About Compass Analytics, LLC

Compass Analytics is an innovator in the FinTech industry and a leading provider of pricing technology to lenders. Compass develops cutting-edge analytics and offers advisory and active risk management services to mortgage bankers, traders, investors, and banks. Compass Analytics’ 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. Compass’ suite of tools includes CompassPoint™, CompassPPE™, CompassBid™, CompassDirect™, and CompassCommit™.

CompassPPE™ Delivers a Robust Integration and Originator Focused Release

IRVINE, CA (February 25, 2019) /PRNewswire/ – Compass Analytics announced today a series of integrations and enhancements as part of their most recent release of CompassPPE™ (CPPE™), the firm’s product, pricing and pligibility engine. This first release in 2019 of CPPE™ focuses on providing quicker real-time options for loan originators while expanding integrations and support for lenders and investor partners.

The mortgage industry today is focused on developing the technology that serves faster and more accurate information. In response to this critical need, Compass Analytics has enhanced CPPE™ with the ability to obtain and provide real-time MI quotes from five MI companies, including three new insurers: Genworth, MGIC, and Radian. This is in concert with the two mortgage insurers CPPE™ previously released: Essent and National. Users can now quickly and accurately obtain product, pricing and MI quotes for loan searches and view all MI companies in a side-by-side comparison. MI quotes can be obtained for Borrower-Paid Single Premium, Borrower-Paid Monthly Premium and Lender-Paid Mortgage Insurance products to give the users the options they need within their pricing engine.

CPPE™ continues to lead the industry with its expansion of support for Non-QM products as well, with new data fields and enhanced documentation types “We work with clients to get feedback and ideas for the future, which is why we spent time during this release focusing on Non-QM products for our clients and investor partners.” said Nancy Pollard, Managing Director of Pricing Technologies.

As always, Compass emphasized their commitment to creating exceptional user experiences for originators by adding the ability to save “QuickPrice” scenarios for prospects monitoring market movement. These scenarios can be refreshed on demand, allowing originators to see updated product and pricing options for their prospective borrowers. “Compass is at the forefront of the industry in supporting options for lenders to make the most efficient and cost-effective decisions for their firm,” adds Nancy.

About Compass Analytics, LLC

Compass Analytics is an innovator in the FinTech industry and a leading provider of pricing technology to lenders. Compass develops cutting-edge analytics and offers advisory and active risk management services to mortgage bankers, traders, investors, and banks. Compass Analytics’ 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. Compass’ suite of tools includes CompassPoint™, CompassPPE™, CompassBid™, CompassDirect™, and CompassCommit™.

Compass Analytics and MGIC Announce Technology Integration Partnership

MGIC Mortgage Insurance Pricing Now Available through CompassPPE™

MILWAUKEE, WI(February 14, 2019) /PRNewswire/ – Compass Analytics, an industry-leading financial technology provider, and Mortgage Guaranty Insurance Corporation (MGIC), the nation’s first private mortgage insurer, jointly announced today the availability of MGIC’s mortgage insurance quotes through Compass Analytics’ product, pricing, and eligibility engine, CompassPPE™.

Through this technology integration in CompassPPE, loan originators can select MI products and order MGIC rate quotes without leaving the platform. This automation brings real time mortgage insurance quotes to the point-of-sale, improving the borrower’s experience by optimizing pricing speed and accuracy.

This partnership with MGIC is another step forward in Compass Analytics’ vision to provide seamless end-to-end mortgage pricing from point-of-sale through origination to capital markets.

“Our technology allows lenders to put accurate, granular pricing tools in the hands of loan originators so that they can help clients make well-informed decisions about one of the biggest investments of their lives. Our vision for pricing technology is to deploy the most advanced tools for bringing mortgage pricing quickly and accurately to the consumer,” said Nancy Pollard, Compass Analytics’ Managing Director of Pricing Technologies.

“We are proud to partner with Compass Analytics to provide access to MGIC mortgage insurance rates,” said Margaret Crowley, Vice President of Marketing and Customer Experience at MGIC. “Whether lenders choose to use MGIC’s new MiQ rates or traditional rate card rates, our integration with Compass Analytics will ensure quick, easy access to our rates.”

About MGIC

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 December 31, 2018, MGIC had $209.7 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 Compass Analytics, LLC

Compass Analytics is an innovator in the FinTech industry and a leading provider of pricing technology to lenders. Compass develops cutting-edge analytics and offers advisory and active risk management services to mortgage bankers, traders, investors, and banks. Compass Analytics’ 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. Compass’ suite of tools includes CompassPoint™, CompassPPE™, CompassBid™, CompassDirect™, and CompassCommit™.

Compass Analytics First to Integrate with Fannie Mae’s Servicing Marketplace – Servicing Released Premium Rate Sheet v2 API

SAN FRANCISCO, CA, USA, December 17th, 2018 (PRNEWSWIRE) – Compass Analytics, an industry-leading financial technology provider, announced that CompassPoint™ now offers an integration to the latest version of the Fannie Mae Servicing Marketplace – Servicing Released Premium Rate Sheet v2 (SMP-SRP v2) API.

Compass Analytics has updated its integration with Fannie Mae’s Pricing & Execution – Whole Loan® (PE-Whole Loan) application to include the SMP-SRP v2. The updated API includes multi-variable rate sheet capabilities giving servicers enhanced granularity in providing servicing released premium pricing to sellers. The Compass integration to the SMP-SRP v2 also provides enhanced application monitoring.

CompassPoint™ will continue to support SMP-SRP v1 for servicers who have yet to transition to version 2 of the SRP rate sheet, providing sellers with access to every servicer who participates in the Servicing Marketplace.

Using this best execution solution, lenders can compare pricing from their investor partners with loan-level, cash flow-based retained MSR values from Compass’s existing MSR model. Clients leveraging Fannie Mae’s SMP-SRP API can streamline their loan sale process by importing released servicing bids from their co-issue partners.

Added Vimi Vasudeva, Compass Analytics Managing Director, “We’re pleased to again be the first to integrate to the SMP-SRP v2 API for our co-issue originator customers. The additional pricing granularity makes the Servicing Marketplace more effective for all participants.”
The SMP-SRP API supplements Compass’s existing suite of best execution and pooling tools:

  • AutoCommit℠ – provides direct integration with Fannie Mae’s PE – Whole Loan commitment application.
  • CompassBridge™ – facilitates bi-directional LOS integration.
  • Pooling optimization algorithms covering pay-ups and high-balance percentages for both cash and MBS trades.
  • CompassBid™ – mini-bulk bid automation including import of investor bids and market calibration. Retained/released reporting and bid optimization.
  • Full best execution analysis including AOT and retained executions.
  • Automated purchase advice reconciliation and discrepancy alerts.

About Compass Analytics, LLC

Compass Analytics is an innovator in the FinTech industry and a leading provider of pricing technology to lenders. Compass develops cutting-edge analytics and offers advisory and active risk management services to mortgage bankers, traders, investors, and banks. Compass Analytics’ 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. Compass’ suite of tools includes CompassPoint™, CompassPPE™, CompassBid™, CompassDirect™, and CompassCommit™.

Public Relations Contact for Compass Analytics:

Austin Yu
Marketing Manager
415-992-9098
ayu@compass-analytics.com
www.compass-analytics.com