PMI introduces RateQuote 2 for mortgage insurance comparison

by Brian Turner

Story link: PMI introduces RateQuote 2 for mortgage insurance comparison

PMI Mortgage Insurance Co., the primary subsidiary of the troubled PMI Group, Inc. has introduced a next generation web-based tool that allows users to obtain rate quotes and compare multiple mortgage insurance payment plans in one step.

RateQuote 2.0 offers up to five payment option comparisons at one time and provides a seamless transition to the e-PMI Origination system, where a mortgage insurance application can be submitted for underwriting with one click.

“Mortgage insurance is not a one-size-fits-all product, and we want to give our customers a tool that allows them to easily identify the best rate and payment plan for their borrowers,” said Jesse Rivera, Vice President of Marketing Operations. “The integration of our Rate Quote and e-PMI Origination systems allows us to continue providing a high level of service to our customers.”

Other features include instantly identifying properties located in distressed markets and providing a detailed error message when a rate is not available. Loan officers can print a professional-quality comparison chart to present to customers.