Private Mortgage Insurer Offers Additional Innovative Ways To Connect With Customers

National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), launched an enhanced integration with PMI Rate Pro, a provider of mortgage insurance (MI) pricing technology. Leveraging PMI Rate Pro’s new single API solution, the integration will help lenders and borrowers save time and money when ordering mortgage insurance from National MI.

PMI Rate Pro’s pioneering platform streamlines the Private Mortgage Insurance (PMI) process for lenders, delivering a higher level of efficiency and transparency. The technology company recently enhanced its platform with a single API solution that offers quoting, risk-allocation and ordering functionalities for lenders and mortgage software providers. The API integrates easily with popular loan origination systems (LOS), pricing engines, and point of sale (POS) technologies, requiring very little development effort to set up.

National MI began working with PMI Rate Pro in 2020 by developing a direct integration with the company’s platform to quickly provide lenders with MI quoting capabilities, which enables loan officers to identify the most affordable MI rates for their borrowers. The result is a frictionless experience that provides National MI’s lender customers direct access to the full front-end MI process from quoting through ordering.

“We are delighted to be integrated with PMI Rate Pro’s enhanced platform,” said Norm Fitzgerald, Chief Sales Officer of National MI. “The platform’s new API provides our lender clients with even more innovative, technology-enabled tools for ordering mortgage insurance. By reducing the time and costs associated with the mortgage process, our collaboration ultimately benefits consumers as well.”

“We truly value our partnership with National MI and its state-of-the-art technology, as well as the collaborative spirit its team brings to the table,” said Nomi Smith, CEO of PMI Rate Pro. “We’re confident that our integration with industry leaders like National MI will help our customers create better borrower experiences and help consumers save money when buying or refinancing a home.”