The Mobile Revolution

Everyone is captivated with the new iPhones. So, the mortgage industry should take note and go mobile. For example, National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc., has launched a new credit union mobile application (app) as well as a new website specifically for credit unions. The mobile app enables users to run rate scenarios, view credit union-specific bulletins, and easily contact National MI personnel. National MI believes it is the first private mortgage insurer in the industry to create a credit union-specific app.

The new website for credit unions (http://cu.nationalmi.com) features National MI’s easy to use Online CU Rate Finder, which offers credit union members some of the most competitive rates in the industry.

“Credit unions represent an important segment of our customer base,” said Pete Pannes, executive vice president, chief sales officer with National MI. “We believe our new mobile app created specifically for credit unions, along with the industry-leading rate finder on our website, make it simple for credit unions to do business with National MI.”

Initial reaction from credit unions to the new website and rate finder has been positive. “Meriwest Mortgage works closely with our members to help them find the right mortgage, and is especially committed to helping first-time homebuyers get into their first home,” said Mark Antonioli, senior vice president, chief credit officer with Meriwest Credit Union. “National MI’s new tools for credit unions, including the comparison feature and the rate finder, make it easier than ever to help our members with their purchase mortgage or refinance needs.  We look forward to a continued relationship with National MI in helping our members find the best value.”

Credit unions are very focused on their communities and on finding the best possible value for their members, noted Pannes. “Both the app and the website provide credit unions with easy access to National MI tools and resources,” he said. “The launch of these new digital platforms demonstrates our commitment to helping credit unions meet the unique needs of their members in an extremely competitive mortgage market environment.”

The new credit union mobile app is available for download on the App Store www.appstore.com and Google Play https://play.google.com/store?hl=en.

About The Author

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Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.