During the same period, the company introduced a unique business model enabling it to offer groundbreaking new insurance coverage that shortened the industry standard timeframe for rescission relief from 36 months to just 12 months. Additionally, National MI and ELLIE MAE have joined together to offer National MI Mortgage Insurance directly through ELLIE MAE'S ENCOMPASS® The integration means that mortgage lenders who use Encompass as their loan origination system (LOS) are able to order National MI's mortgage insurance directly within the application in a simple and time-saving process. MGIC is reducing Lender-Paid monthly MI rates for all LTV and coverage segments effective with MI applications received on or after July 1, subject to regulatory approval. Updated rate card information posting is available on the website. Rate Finder will be updated with the new rates on July 1, 2014.