OpenClose®, the industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced it has partnered with Genworth Mortgage Insurance, an operating segment of Genworth Financial (NYSE: GNW), establishing a direct integration to access mortgage insurance (MI) from the LenderAssist™ LOS platform.
The new integration works by leveraging OpenClose’s RESTful API Suite, IntegrationAssist™, which makes interfacing with disparate systems easier to develop, quicker to implement and cost effective to maintain. Genworth is a full-service MI provider known for exceptional coverage, service and value. The Fortune 500 company has provided secure mortgage products for nearly 40 years. Its offerings are available in all 50 states and the District of Columbia.
"Providing real-time access to mortgage insurance pricing and certification workflow from within OpenClose helps our customers further automate their lending workflow and reduce costs. Our integration partnership with Genworth allows our mutual customers to immediately tap into their quality MI products," said Vince Furey, chief revenue officer (CRO) at OpenClose. "We are the industry leader in customer service and ease-of-use and this integration highlights that reality."
OpenClose customers can expect a seamless user experience within the LenderAssist™ LOS that optimizes the mortgage insurance pricing and certification process, eliminates data re-entry and returns MI commitment data and documents to the LenderAssist™ LOS.
“We’re excited to partner with OpenClose, one of the leading LOS vendors in the industry,” said Kevin McMahon, senior vice president of Customer Solutions at Genworth Mortgage Insurance. “Making it easier and more efficient to order MI from start to finish makes the overall lending process smoother for homebuyers.”