MGIC Announces Enhancement to Fiserv Inc.'s PCLender

MGIC Non-delegated MI and Document Submission Now Available Through PCLender LOS

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Mar 06, 2018, 04:15 ET

MILWAUKEE, March 6, 2018 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC) (NYSE: MTG) Mortgage Guaranty Insurance Corporation (MGIC), the nation's first private mortgage insurer, announced today the availability of non-delegated mortgage insurance with document submission through PCLender™, Fiserv's leading loan origination system (LOS).

Through the seamless integration, PCLender customers can receive MGIC rate quote PDFs and submit non-delegated mortgage insurance orders and their corresponding loan documents – all without leaving the platform. The one-step non-delegated and document submission process is unique to MGIC. This automation of data exchange helps increase the efficiency and accuracy of the loan origination process.

"We're pleased to expand our integration to benefit our mutual customers," said Margaret Crowley, Vice President of Marketing and Customer Experience at MGIC. "It demonstrates our continued dedication to offering automated solutions for a best-in-class loan origination experience."

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 January 31, 2018, MGIC had $192.0 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.

SOURCE MGIC Investment Corporation