Mortgage Cadence Enhances Its Enterprise Lending Center Platform with Integration of Additional Capabilities from MGIC

DENVER–(BUSINESS WIRE)–Mortgage Cadence, an Accenture (NYSE:ACN) company, enhanced its
Enterprise Lending Center (ELC) loan-origination platform by providing
additional integration capabilities with Mortgage Guaranty Insurance
Corporation (MGIC).

The two new ELC features — electronic loan package document delivery and
automated mortgage insurance activation, both from MGIC — streamline the
origination process by simplifying the ordering and activation of
mortgage insurance, resulting in greater speed and productivity for
lenders.

For non-delegated mortgage insurance, the electronic loan package
document delivery capability gives lenders the option of sending the
loan package directly to MGIC for review, eliminating manual document
uploads.

Lenders can also activate the mortgage insurance policy by notifying
MGIC electronically after loan consummation. MGIC is one of the first
mortgage insurance providers to extend this service via integration with
a loan-origination system, and Mortgage Cadence’s ELC platform was the
first loan origination system on the market to provide this integrated
functionality.

“The activation of mortgage insurance after a loan closes is often a
grey area,” said Brian Benson, executive manager of services at Mortgage
Cadence. “Sometimes it’s the lender that activates the insurance, while
other times it’s the servicer. Enterprise Lending Center now automates
this activation, creating efficiency and peace of mind for lenders.”

Margaret Crowley, MGIC’s vice president of marketing and customer
experience, said, “Through the simple click of a button within the
Mortgage Cadence loan-origination system, lenders can automate the
document loading process, saving time and streamlining the process of
ordering and activating mortgage insurance. We are always looking for
ways to make things easier for our customers, and we’re excited about
this integration with Mortgage Cadence.”

About Mortgage Cadence

Since 1999, Mortgage Cadence has been providing the best people, process
and technology for enterprise and mid-market lenders who desire to
deliver an exceptional borrower experience. From point-of-sale through
post-closing, Mortgage Cadence offers reliable software and dedicated
people, supporting lenders every step of the way.

About MGIC

MGIC (www.mgic.com),
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 October 31, 2018, MGIC has
$207.5 billion of primary insurance in force, covering approximately one
million mortgages.

From time to time, MGIC Investment Corporation releases important
information via postings on its corporate website, including corrections
of previous disclosures, without making any other disclosure and intends
to continue to do so in the future. Investors and other interested
parties are encouraged to enroll to receive automatic email alerts and
Really Simple Syndication (RSS) feeds regarding new postings. Enrollment
information can be found at http://mtg.mgic.com
under Investor Information.

Contacts

Pamela Herrmann
Mortgage Cadence
+1 720 480 7655
pamela.a.herrmann@mortgagecadence.com