MILWAUKEE, Jan. 8, 2015 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC) announced today its integration with XDOC electronic document management platform.
Lenders relying on the XDOC document management platform now have the ability to securely send loan documents directly to MGIC without leaving their document management platform. Through the integration, customers who use XDOC directly or through one of its many LOS partners can order non-delegated mortgage insurance. This automation increases accuracy and saves customers time from having to manually submit the documents elsewhere.
"Our integration with XDOC addresses the growing demand for MGIC underwriting," said Sal Miosi, Vice President of Marketing at MGIC. "Automated document delivery to MGIC through Axacore's platform allows our customers to streamline their loan origination process. This partnership further illustrates MGIC's commitment to providing a best-in-class customer experience."
"We are pleased to offer this integration to mutual customers of XDOC and MGIC," said Steve DeBlasio, Vice President of Sales at Scrypt, Inc. "This integration shows MGIC's and XDOC's dedication to providing their customers with innovative ways to increase efficiency and productivity."
MGIC, the principal subsidiary of MGIC Investment Corporation, 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 September 30, 2014 MGIC had $162.4 billion of primary insurance in force covering approximately one million mortgages.