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TheStreet Open House

MGIC Mortgage Insurance Now Available Through BytePro®

MILWAUKEE, July 12, 2012 /PRNewswire/ --  Mortgage Guaranty Insurance Corporation (MGIC), the nation's largest private mortgage insurer based on insurance in force, announced today the availability of mortgage insurance through BytePro.  Byte Software provides industry leading mortgage software solutions to thousands of banks, brokers and credit unions nationwide.  Through the integration, MGIC provides seamless access from BytePro to MGIC's online mortgage insurance-ordering platform, the Loan Center.  This automation of data exchange saves MGIC customers data entry time and increases accuracy.

"Automated access to MGIC's Loan Center through BytePro enables our customers to conveniently streamline their loan origination processes," said Sal Miosi, Vice President of Marketing at MGIC.  "We're pleased to partner with Byte Software.  It shows our continued dedication to providing customers with seamless access to our mortgage insurance programs."

"Leveraging technology is the answer for decreasing cost per loan," said Debbie Ingle, Manager of National Sales and Client Services for Byte Software.  "Our objective is to provide a comprehensive, powerful and compliant LOS to help our customers improve loan quality and increase productivity. This interface eliminates additional keystrokes and reduces the potential for input errors by giving users a straightforward process for populating MGIC's Loan Center with information contained inside BytePro. We are thrilled to partner with MGIC to make this happen for our users."

The MGIC mortgage insurance interface is available in both versions of Byte Pro:  Standard and Enterprise.

About MGIC MGIC ( www.mgic.com), the principal subsidiary of MGIC Investment Corporation, is the nation's largest private mortgage insurer as measured by $169.0 billion primary insurance in force covering 1.1 million mortgages as of March 31, 2012. MGIC serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality.

About Byte Software Founded in 1985 by mortgage professionals, Byte Software is a leading provider of mortgage software solutions for banks, credit unions, and mortgage bankers and brokers.  Byte Software products streamline mortgage processes, allowing users to focus on generating additional business and revenue. Byte Software is part of the CBC Companies family of businesses. A privately held company headquartered in Columbus, Ohio, CBC Companies provides risk management, credit reports, employment and resident screening, property and settlement services, and fraud prevention solutions to customers in the business, government and not-for-profit sectors. To learn more about Byte Software visit http://www.bytesoftware.com or call 800.695.1008.

All product and company names herein may be trademarks of their registered owners.

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