Nationwide Mortgage Insurance coverage Company (Nationwide MI) introduced on Tuesday its integration with Vesta, a mortgage origination system (LOS) supplier and software-as-a-service firm.
The expertise integration allows lenders to acquire value quotes and order Nationwide MI’s real-time, risk-based mortgage insurance coverage by means of its Fee GPS software immediately with out leaving the Vesta LOS platform.
“We’re delighted to companion with Vesta to make ordering MI by means of our Fee GPS software as simple as doable for lenders,” mentioned Norm Fitzgerald, chief gross sales officer with Nationwide MI. “We’re thrilled so as to add Vesta, a number one SaaS firm constructing next-generation LOS expertise, to our checklist of integration companions.”
Nationwide MI’s API platform lets lenders and LOS suppliers rapidly and seamlessly retrieve correct mortgage insurance coverage quotes by means of Fee GPS. Vesta’s LOS empowers lenders of all sizes to construct customizable workflows and guidelines round their mortgage processes utilizing open, cloud-based APIs.
“We’re excited to supply Nationwide MI’s Fee GPS by means of Vesta’s LOS,” mentioned Vesta CEO Mike Yu. “This partnership is simply one other instance of our ongoing effort to supply digital options that considerably simplify and streamline the mortgage origination course of for lenders and their borrower prospects.”
Nationwide MI is a U.S.-based non-public mortgage insurance coverage firm, a subsidiary of NMI Holdings, Inc. that helps low down fee debtors notice homeownership whereas defending lenders and buyers towards losses associated to a borrower’s default.
Vesta is a SaaS supplier of mortgage mortgage origination software program based in 2020 by early Mix staff Mike Yu and Devon Yang. The corporate, which raised $30M by means of a Collection A funding spherical in 2022, gives lenders with a contemporary system of document, customizable workflows for end-to-end mortgage mortgage success course of, and open, cloud-based APIs. Its buyers embody Andreessen Horowitz, Bain Capital Ventures, Conversion Capital, Index Ventures, and Zigg Capital.
This content material was generated utilizing AI, and was edited and fact-checked by HousingWire’s editors.