National MI Joins Forces with Optimal Blue
Private mortgage insurer's integration with Optimal Blue's PPE simplifies process for lenders
EMERYVILLE, Calif., March 25, 2015 /PRNewswire/ -- National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc., (NASDAQ: NMIH) announced it has integrated with Optimal Blue, award-winning provider of the industry-leading, enterprise level, end-to-end product, pricing and secondary marketing automation platform. Through this relationship, pricing for National MI mortgage insurance (MI) products is available within the Optimal Blue workflow platform.
The integration enhances and simplifies the process for obtaining MI rate quotes for both National MI and Optimal Blue customers, enabling them to receive a rate quote instantly within Optimal Blue. The Optimal Blue technology is based on Mortgage Industry Standards Maintenance Organization (MISMO) standards.
"We're very pleased to partner with Optimal Blue," said Jay Sherwood, president of National MI. "We believe the integration will mean much faster results for lenders, reducing costs and delays, and making for a more streamlined process at a time when lenders need to be as efficient as possible," he said.
"National MI is a widely respected mortgage insurance company, and we're happy to partner with them," Larry Huff, Co-CEO of Optimal Blue, said. "Lenders don't have to move between the two systems, as MI rate quote functionality is embedded within Optimal Blue. The integration improves the customer experience for both National MI and Optimal Blue clients."
National MI and Optimal Blue are jointly hosting webinars on April 7, April 8, and April 9 to educate customers on the new interface and guide them through the process for requesting MI premium from National MI. Customers may register for one of the webinars by clicking on the date of their preferred webinar.
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.
About Optimal Blue
Optimal Blue is a cloud-based provider of managed-content, product eligibility and pricing (PPE), secondary marketing, point-of-sale and compliance technology and services. Based in Plano, Texas, Optimal Blue has developed an enterprise class suite of products and services designed to automate a lender's complex processes, improving efficiency and profitability while gaining a competitive advantage.
For more information, please visit www.optimalblue.com.
Press Contact for National MI
Mary McGarity
Strategic Vantage Mortgage Public Relations
(203)513-2721
[email protected]
Investor Contact for National MI
John M. Swenson
Vice President, Investor Relations and Treasury
[email protected]
(510)788-8417
Press Contact for Optimal Blue:
Mike Maccioli
Vice President, Marketing
(972) 781-0200
[email protected]
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SOURCE NMI Holdings, Inc.
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