National MI, the newest entrant into the private mortgage insurance business, has completed a system integration with Fiserv’s LoanServ platform. LoanServ handles such mortgage servicing functions as insurance coverage activation, billing transactions and certificate administration for lenders, banks, aggregators and credit unions.
It also automates servicing processes like integrated default management and collections, cashiering, escrow and investor accounting for both closed-end and revolving loans.
“Our integration with LoanServ will enable National MI to support many of our customers’ servicing needs by making the process more convenient and straight-forward,” said Pete Pannes, chief sales officer at the Emeryville, Calif.-based insurer.
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