(Image source: Compass Analytics homepage.)
Compass Analytics, a San Francisco-based financial technology provider, and Mortgage Guaranty Insurance Corporation (MGIC, Milwaukee), a private mortgage insurer, jointly announced the availability of MGIC’s mortgage insurance quotes through Compass Analytics’ product, pricing, and eligibility engine, CompassPPE.
Through this technology integration in CompassPPE, loan originators can select MI products and order MGIC rate quotes without leaving the platform, according to the announcement. The automation brings real-time mortgage insurance quotes to the point-of-sale with the goal of improving the borrower’s experience by optimizing pricing speed and accuracy.
The companies characterize the partnership with MGIC as another step forward in Compass Analytics’ vision to provide seamless end-to-end mortgage pricing from point-of-sale through origination to capital markets.
“Our technology allows lenders to put accurate, granular pricing tools in the hands of loan originators so that they can help clients make well-informed decisions about one of the biggest investments of their lives,” comments Nancy Pollard Managing Director, Pricing Technologies, Compass Analytics. “Our vision for pricing technology is to deploy the most advanced tools for bringing mortgage pricing quickly and accurately to the consumer.”
Quick, Easy Access
“We are proud to partner with Compass Analytics to provide access to MGIC mortgage insurance rates,” comments Margaret Crowley, VP, Marketing and Customer Experience, MGIC. “Whether lenders choose to use MGIC’s new MiQ rates or traditional rate card rates, our integration with Compass Analytics will ensure quick, easy access.”