National MI Integrates with Lender Price

Rhea-AI Summary

National Mortgage Insurance Corporation, a subsidiary of NMI Holdings (NASDAQ: NMIH), announced full integration with Lender Price, a leading cloud-based pricing engine for the mortgage industry. This integration allows loan officers immediate access to National MI's risk-based Rate GPS® through the Lender Price platform. The collaboration aims to streamline private mortgage insurance ordering, reduce errors, and shorten the application to closing timeframe.

Positive

• Integration with Lender Price enhances service delivery for loan officers.
• Streamlined process reduces time from application to closing.

Negative

• None.

EMERYVILLE, Calif., Sept. 17, 2020 (GLOBE NEWSWIRE) -- National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), announced that it is fully integrated with Lender Price, a leading cloud-based product, pricing and eligibility (PPE) engine provider for the mortgage finance industry. Loan officers now have instant access to National MI’s risk-based Rate GPS® through the Lender Price PPE platform.  

“National MI is excited to team with Lender Price,” said Norm Fitzgerald, National MI’s chief sales officer. “This integration reinforces our commitment to streamlining and automating the process of ordering private mortgage insurance while mitigating the chance for errors. It also reduces the time from application to closing for loan originators and consumers.”

“We are very pleased to partner with National MI,” said Dawar Alimi, Lender Price co-founder and CEO. “The integration is keeping in line with our commitment to provide lenders with best-in-class service by giving loan officers quick access to competitive private mortgage insurance quotes.”   

About National MI
National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower’s default. To learn more, please visit www.nationalmi.com.

About Lender Price
Lender Price is a California-based big data technology innovator and developer of digital mortgage lending technology, including the Digital Lending point-of-sale (POS) tool and an advanced product pricing & eligibility (PPE) engine. Lender Price provides all types of mortgage lending institutions – wholesale and correspondent lenders, banks, credit unions and mortgage brokers – with advanced technology designed to eliminate friction, increase transparency and effectively engage with borrowers. For more information, visit https://lenderprice.com and https://digitallending.com.

Cautionary Note Regarding Forward Looking Statements

This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act”), and the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements about future, not past, events and involve certain important risks and uncertainties, any of which could cause our actual results to differ materially from those expressed in our forward-looking statements.  Forward-looking statements in this press release include, without limitation, statements regarding the performance of National MI's technology integration.  Any or all of our forward–looking statements in this press release may turn out to be inaccurate.  More information about the risks, uncertainties and assumptions affecting National MI can be found in the risk factors and forward-looking statements cautionary language contained in our Annual Report on Form 10-K and in other filings made with the Securities and Exchange Commission.  We have based these forward–looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, operating results, business strategy and financial needs. All forward–looking statements are necessarily only estimates of future results, and actual results may differ materially from expectations. You are, therefore, cautioned not to place undue reliance on such statements. We do not undertake, and specifically disclaim, any obligation to revise any forward-looking statements to reflect the occurrence of future events or circumstances.

Press Contact for National MI
Mary McGarity
Strategic Vantage Mortgage Public Relations
(203)260-5476
MaryMcGarity@StrategicVantage.com

National MI Investor Contact
John M. Swenson
Vice President, Investor Relations and Treasury
john.swenson@nationalmi.com 
(510)788-8417

Press Contact for Lender Price
German Centeno
Senior Vice President
626-486-0171
gfcenteno@lenderprice.com

FAQ

What is the recent partnership announcement involving NMIH?

NMIH announced a partnership with Lender Price for full integration of services.

How does the integration benefit loan officers?

It provides instant access to competitive private mortgage insurance quotes.

When was the integration of National MI with Lender Price announced?

The integration was announced on September 17, 2020.

What is the significance of the Rate GPS® tool in this integration?

Rate GPS® offers risk-based pricing for private mortgage insurance, enhancing efficiency.

What challenges does National MI face following this announcement?

The press release mentions forward-looking statements and inherent risks but does not specify challenges.