CHICAGO - A roadblock, for Amerin Guaranty Corp. was removed last week when Computer Power Inc. agreed to provide programming to support lender-paid mortgage insurance.
Chicago-based Amerin markets a type of mortgage insurance that is underwritten and paid for by mortgage providers. Because lender-paid insurance has different loan servicing needs than traditional mortgage insurance, some companies were unable to use the product because they lacked technical support.
CPI's move to provide custom programming is significant because it is the largest provider of mortgage servicing processing in the country.
