Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation, announced that it is integrated with Vesta, a modern mortgage loan origination system (LOS) and software-as-a-service company. With this partnership, lenders using the Vesta platform will be able to seamlessly, and in real time, request quotes and order private mortgage insurance (MI) from MGIC without leaving the Vesta LOS.
“Small operational efficiencies can quickly add up to create notable time and cost savings, critical focuses for any lender in today’s environment. We’re excited to work with MGIC to deliver a straightforward and modern quoting and ordering experience,” said Mike Yu, Vesta CEO.
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“At MGIC, we understand that our customers benefit from having mortgage insurance readily available when and where they need it,” said Leslie Bensen, Director, Partner Solutions at MGIC. “We are thrilled to offer MGIC‘s customers access to our MI products through Vesta LOS.”
Mortgage Guaranty Insurance Corporation (www.mgic.com), the principal subsidiary of MGICInvestment 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 through the use of private mortgage insurance.
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Vesta is a SaaS provider of mortgage loan origination software. The platform provides lenders with a modern system of record, customizable workflows for end to end mortgage loan fulfillment process, and open, cloud-based APIs. The company was founded in 2020 by early Blend employees Mike Yu and Devon Yang. Investors backing Vesta include: Andreessen Horowitz, Bain Capital Ventures, Conversion Capital, Index Ventures and Zigg Capital.
SOURCE: PR Newswire