jhv1blz5 wrote: The article validated SOA as an IT architecture paradigm that can be leveraged in many ways. Taking data storage, scalability and application performance to a nifty level using SOA Application Grid infrastructure will no doubt enhance data and application performance on Oracle architecture platforms, it also has the promise of a cost effective and efficient IT delivery model. The very benefits of SOA.
MILWAUKEE, Sept. 29 /PRNewswire-FirstCall/ -- Mortgage insurance from Mortgage Guaranty Insurance Corporation (MGIC) is now available to lenders nationwide through the easyLENDER(R) Mortgage loan origination software (LOS) system from Fiserv Lending Solutions, a unit of Fiserv, Inc. .
easyLENDER Mortgage is fully MISMO-compliant in the area of mortgage insurance (MI), so MI vendors that offer MISMO-compliant products can readily link their offerings to easyLENDER Mortgage. Because MGIC's MI solution is also MISMO-compliant, data flows between the Fiserv and MGIC systems in a seamless, two-way data exchange that does not even require easyLENDER users to open a separate browser window -- in fact, the easyLENDER user never leaves easyLENDER to complete the MI transaction.
"This integration between MGIC and easyLENDER is a great example of the value of MISMO compliance," said Ron Duff, Fiserv Lending Solutions' Senior Vice President of Information Technology, easyLENDER Products. "Mortgage lenders that use easyLENDER Mortgage will benefit from the improved efficiency that results when technology providers create MISMO-compliant products. That's because the MISMO MI standards enable trading partners to send and receive data without the overhead associated with creating customized, point-to-point interfaces."
Key data points for the MI request come from easyLENDER, and the MI data returned by MGIC is automatically entered into the appropriate easyLENDER data fields. In addition, the commitment certificate is attached to the loan as a PDF document that can be accessed by the easyLENDER user whenever needed.
This simplified, fully automated, two-way data transfer between MGIC and Fiserv eliminates redundant data entry and improves the speed and accuracy of the mortgage transaction. And if loan information changes and needs to be resubmitted, the affected data fields are automatically updated and a revised commitment certificate is attached to the loan.
"easyLENDER clients appreciate the ability to select from a wide range of service providers," said Dan Welbaum, Fiserv Lending Solutions' Senior Vice President of Sales and Marketing, easyLENDER Products. "Now that MGIC has linked its MISMO-compliant MI offering to easyLENDER Mortgage, our easyLENDER clients can take advantage of an industry-leading MI solution that enhances their ability to quickly meet their customers' needs."
About MGIC Investment Corporation
MGIC ( http://www.mgic.com/ ), the principal subsidiary of MGIC Investment Corporation, is the nation's leading provider of private mortgage insurance coverage with $169.8 billion of primary insurance in force covering 1.3 million mortgages as of June 30, 2006. MGIC serves 5,000 lenders with locations across the country and in Puerto Rico, helping families achieve homeownership sooner by making affordable, low-down-payment mortgages a reality.
About easyLENDER, Fiserv Lending Solutions, and Fiserv, Inc.
easyLENDER Mortgage is part of a growing, award-winning family of complete, industry-leading LOS solutions that automate every phase of mortgage, consumer, home-equity, and commercial loan origination, processing, and closing for hundreds of innovative lenders nationwide. More information about easyLENDER is available at http://www.easylender.com/ .
easyLENDER is a product of Fiserv Lending Solutions, a unit of Fiserv, Inc. that provides a suite of products and services for mortgage, consumer, and commercial lenders. The comprehensive solution set from Fiserv includes loan origination and servicing software; lead management and customer loyalty services; document management solutions; automated lending services such as credit, flood, and valuations; field services such as appraisals, inspections, and broker price opinions; closing services; default management solutions; and e-lending and e-closing products and services. More information about Fiserv Lending Solutions is available at http://www.fiservlendingsolutions.com/ .
Fiserv, Inc. , a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing, software, and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core- processing solutions for U.S. banks, thrifts, and credit unions. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2005 and 2004 FinTech 100 surveys. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, please visit http://www.fiserv.com/ .
Mortgage Guaranty Insurance Corporation
CONTACT: Media Contacts, Katie Monfre, +1-414-347-2650, or katie_monfre@mgic.com , or Dan Welbaum, +1-407-829-4225, or dan.welbaum@fiserv.com , or Investor Contact, Michael J. Zimmerman, +1-414-347-6596, or mike_zimmerman@mgic.com , all of Mortgage Guaranty Insurance Corporation