Radian Guaranty Inc. has integrated OpenClose’s omni-channel loan origination system (LOS) into its LenderAssist platform, the companies announced.
The integration enables Radian’s customers to access OpenClose’s LOS and API suite without exiting the LenderAssist LOS. Data returned from Radian automatically populates into the applicable LOS fields, eliminating error prone manual data entry.
“We are constantly communicating with our customers and identifying opportunities to eliminate manual processes and the associated data integrity risk they present,” OpenClose Chief Revenue Officer Vince Furey said in a release. “This integration automates the ordering and processing of mortgage insurance and provides our mutual customers speed, efficiency and accuracy, from any online environment, anywhere, at any time.”
Radian said its products help borrowers become homeowners sooner by qualifying for loans with smaller downpayments while mitigating investor risk.
“At Radian, we are committed to making it easier and simpler for our customers to do business with us,” Radian Chief Franchise Officer Brien McMahon said. “Partnering with OpenClose will allow for streamlined, direct and real-time access to private MI for lenders and borrowers, and we’re proud to deliver that.”