EMEREVILLE, CA Aug 24, 2021 (GLOBE NEWS) – National Mortgage Insurance Corporation, the main operating subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), now integrated with the Mortgage Coach platform, which enables mortgage lenders to create accurate digital home loan comparison scenarios for borrowers.
Mortgage lenders use the Mortgage Coach platform to share multivariate loan comparisons with borrowers through an interactive Total Cost Analysis (TCA) presentation. Each personalized TCA presentation is delivered via a digital link, allowing the borrower to compare loan scenarios and prices to make a more informed mortgage decision. Borrowers can now instantly view a side-by-side comparison of loan options that include National MI mortgage insurance product options to clearly understand the impact of a private MI and the additional availability it can provide over the life of the mortgage loan.
“The convenience of obtaining a National MI quote as part of a Mortgage Coach total cost analysis allows us to present illustrative and creative financing options at the click of a button, providing quick and easy presentation of accurate pricing scenarios for borrowers,” said Craig Strent, CEO of Apex Home Loans.
The integration expands and simplifies the MI rate quotes process for National MI and Mortgage Coach customers, allowing them to instantly receive personalized rate quotes in a TCA presentation. Mortgage lenders can now receive real-time risk-adjusted mortgage insurance prices from National MI using Rate GPS.® tool without leaving the Mortgage Coach platform.
“National MI is thrilled to integrate with Mortgage Coach, which is helping millions of consumers make smart and informed home loan decisions based on their individual financial goals,” said Norm Fitzgerald, director of sales for National MI. “Mortgage professionals using the Mortgage Coach platform will now be able to incorporate our competitive rates into their loan offerings, resulting in much faster commitments and more borrowers using private mortgage insurance.”
“Mortgage insurance provides home buyers with an important path to affordable home ownership by offering an alternative to making a large down payment on a home,” said Mortgage Coach President Joseph Putour. “With National MI continuing to strive to improve the education of borrowers and provide savings in mortgage insurance, we are delighted to add National MI GPS rates to our platform.”
About National MI
National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH) is a US-based private mortgage insurance company that allows borrowers with a low down payment to exercise their home ownership rights while protecting lenders and investors from associated losses. before the borrower’s default. To find out more visit www.nationalmi.com…
About Mortgage Coach
Mortgage Coach is an industry-leading platform that enables mortgage lenders to create digital and accurate home loan comparisons for consumers. Through the Total Cost Analysis presentation, lenders can create a comparison with multiple options, offering the borrower a more personalized digital experience. This level of transparency has revolutionized the rate and pricing process, allowing borrowers to make faster and more informed mortgage decisions and ultimately increase production and conversions for lenders of all sizes. For more information on how to get started using borrower training as a competitive advantage, visit www.mortgagecoach.com…
Warning About Forward-Looking Statements
This 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 Stock Exchange Act of 1934 as amended (the “Exchange Act”), and the US the 1995 Private Securities Litigation Reform. Forward-looking statements are statements about future events, 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 projections. Forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding the effectiveness of the integration of National MI technologies. Any or all of our forward-looking statements in this press release may be inaccurate. over reliance on such statements. For more information on the risks, uncertainties and assumptions affecting the national MI, see the Risk Factors section and – a careful look at the statements in our 10-K annual report, our 10-Q quarterly report and in other documents filed with the Securities and Exchange Commission.
National MI Investor Contact
John M. Swenson
Vice President Investor Relations and Treasury