The integration delivers live Rate GPS(SM) Risk Based Pricing to mutual customers
EMERYVILLE, Calif. and SAN FRANCISCO, Nov. 13, 2018 (GLOBE NEWSWIRE) – National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), and Compass Analytics, a leading mortgage technology provider, announced today that Compass has integrated its product, pricing and eligibility engine, CompassPPE™, into National MI’s risk-based pricing platform, Rate GPS(SM). The integration enables mutual clients to obtain immediate and purchase kamagra uk accurate mortgage insurance rate quotes on loans exceeding an 80 percent loan-to-value ratio. For added flexibility, Rate GPS will also be available in Compass Analytics’ application programming interfaces (APIs).
As soon as a loan officer runs a search for loan options through CompassPPE™, the pricing engine interacts directly with the NMI platform to provide MI pricing with multiple options for lender-paid coverage, borrower-paid single premium and borrower-paid monthly premium coverage.
“National MI is very pleased to join forces with Compass Analytics,” said Mike Dirrane, with National MI. “This integration provides many benefits to our mutual lender customers in terms of providing accurate and competitive Rate GPS risk-based pricing, saving time and streamlining the loan origination process to better serve borrowers.”
The National MI integration brings real-time, risk-based MI pricing to the Compass platform, providing loan officers with the ability to advise their borrowers with side-by-side MI pricing comparisons from their MI providers. Nancy Pollard, CompassPPE™ managing director, pricing technology adds “Our industry-leading technology provides loan originators a simple, efficient way to compare National MI’s risk-based pricing without sacrificing speed, all critical in helping loan officers deliver exemplary service to their customers.”
CompassPPE™ provides multiple MI pricing options including risk-based MI quotes, real-time MI integration and managed rate cards. The multiple options on pricing, as well as different controls for lenders and loan officers to review and select MI pricing, allow customers to tailor the offering based on their business practices and kamagra online without a prescription workflows.
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™.
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.
Press Contact for National MI
Strategic Vantage Mortgage Public Relations
Investor Contact for National MI
John M. Swenson
Vice President, Investor Relations and Treasury
Public Relations Contact for Compass Analytics: