Wednesday , 6 January 2021

National MI Pricing Engine Tied Into LONPricer Platform

National MI says it is now integrated with Loan Originator Networks LLC (LON), an organization that creates websites for mortgage lenders and integrates seamlessly with their loan origination systems (LOS).

LON worked with National MI to offer a new functionality that provides National MI’s pricing engine, RateGPS, in LONPricer, a platform that handles all mortgage channels: retail, wholesale, correspondent, and consumer direct. The integration brings National MI’s real-time, risk-based mortgage insurance pricing to LONPricer.

LON says it is uniquely set up to capture the growing wholesale market by providing wholesale lenders and brokers with the ability to transact in an efficient and transparent way.

“We’re very pleased to provide lenders with access to National MI’s RateGPS pricing through LONPricer,” says Michael Baker, senior vice president, product development and distribution, with LON. “This integration supports loan officers by providing borrowers with accurate risk-based MI pricing at the point of sale. The LON platform is capable of overwriting terms and pricing, which supports the loan officer’s ability to ‘self disclose’ without a manual review or set up process. We chose National MI because of their expertise in integrations and advanced APIs.”

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