MILWAUKEE - Mortgage Guaranty Insurance Corp. and Foster Ousley Conley have joined forces to develop a new artificial intelligence underwriting system that will utilize MGIC's asset performance models.

MGIC, a major insurer of mortgages, and Foster Ousley, a Walnut Creek, Calif., firm that specializes in mortgage quality management, will unveil the system today at the Mortgage Bankers of America Association convention in Chicago.

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