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MI Portal Posts Strong Traffic.(Brief Article)
eMagic.com, the portal that was started by Mortgage Guaranty Insurance Corp. here, has surpassed its own first year transaction goals, company officials said.
When MGIC created eMagic, its goal was to more than double the 14,000 transactions that were done in 1999 through its predecessor, MAGIC Carpet.
During 2000, eMagic processed 36,000 transactions on an annualized basis. The system came online on Jan. 24, 2000.
Sal Miosi, senior vice president of business operations for eMagic, said the growing refinance business is increasing transaction volume.
"eMagic is a perfect tool for this rate environment. As interest rates come down and refinancing rises, ...
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Source: HighBeam Research, MI Portal Posts Strong Traffic.(Brief Article)