MGIC Investment Corp. (ticker: MTG, exchange: New York Stock Exchange (.N))
News Release -
MGIC Mortgage Insurance Now Available with Harland's Interlinq(R) E3(R)Integration offers Harland Financial Solutions Customers with Benefit of Continuous Underwriting
MILWAUKEE, Nov 16, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Mortgage Guaranty Insurance
Corporation (MGIC) (NYSE: MTG) mortgage insurance (MI) now offers continuous
underwriting services to mortgage lenders that are using the Interlinq(R)
E3(R) enterprise mortgage lending solution from Harland Financial Solutions.
Harland Financial Solutions, Inc. is a wholly owned subsidiary of John H.
Harland Company (NYSE: JH).
After the initial underwriting request, MGIC will automatically update the
Interlinq E3 system as the status of the mortgage-insurance request changes.
"Our partnership with MGIC continues to broaden the array of products and
services integrated with E3 and further streamlines the mortgage lending
process for our lenders," said Joe Filoseta, executive vice president, Harland
Financial Solutions' Mortgage Solutions Group.
Interlinq E3, a Web-based loan production platform, provides critical
business process management, integration and connectivity across the mortgage
supply chain, enabling lenders to integrate service providers into their
"In Harland Financial Solutions, MGIC has found a partner who shares our
vision for a seamless mortgage lending process," said Patrick Sinks, president
and chief operating officer, MGIC. "Partnerships like this one increase the
overall efficiency and speed for lenders, which ultimately helps families
achieve their dream of homeownership faster."
With the new integration, lenders can quickly and easily submit data to
receive MI commitments and updates for both primary and pool requests.
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 $173.4 billion primary insurance in force covering 1.3 million
mortgages as of September 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 Harland Financial Solutions
Harland Financial Solutions ( http://www.harlandfinancialsolutions.com )
supplies software and services to thousands of financial institutions of all
sizes, offering its solutions in both an in-house and service bureau
environment. The company is a leader in core systems, item processing,
enterprise content management, branch automation, customer relationship
management, business intelligence, origination and document solutions, risk
management, compliance training, financial accounting, open documents,
mortgage solutions, electronic funds transfer (EFT), self service solutions
and performance advisory services.
Atlanta-based John H. Harland Company (NYSE: JH)
( http://www.harland.net ) is listed on the New York Stock Exchange under the
symbol "JH." Harland is a leading provider of software and printed products to
the financial institution market. Harland's software solutions include deposit
& loan origination, platform, teller, call-center, mortgage, business
intelligence, core systems and customer relationship management systems.
Harland's printed products offerings include checks, direct marketing and
financial forms. Scantron Corporation ( http://www.scantron.com ), a wholly
owned subsidiary, is a leading provider of software services and systems for
the collection, management and interpretation of data to the financial,
commercial and educational markets.
SOURCE Mortgage Guaranty Insurance Corporation
Media, Katie Monfre,
both of Mortgage Guaranty