SOUTHFIELD (WWJ) – Southfield-based Mortgage Builder Software Inc. Wednesday announced a partnership with Radnor, Pa.-based Essent Guaranty Inc., a nationwide provider of mortgage insurance, to offer Essent MI through Architect, Mortgage Builder’s loan origination system.
Mortgage Builder offers a comprehensive lender platform which also enables lenders to access Essent MI coverage, including having the option of receiving an Essent rate quote or a commitment by completing a simple form and submitting to Essent – all through one screen.
“Mortgage Builder’s Architect platform is another benefit for our lenders and increases the ease of doing business with Essent,” said Bill Kaiser, Essent’s chief operations officer. “Our customers will benefit from Mortgage Builder’s easy and intuitive work flow, whether they are ordering MI, verifying MI loan eligibility, or pricing a loan.”
“Mortgage Builder is excited to offer Essent as a mortgage insurance option to our clients,” said Keven Smith, president and CEO of Mortgage Builder. “We strive to offer our clients as many options as we can as they serve their borrowers’ needs, including those families requiring the help of mortgage insurers like Essent to make home ownership a reality.”
Essent Guaranty is a member of the Essent Group Ltd. family of companies, which offers private mortgage insurance and reinsurance for single-family mortgage loans in the United States. Essent’s mission is to serve the housing finance industry by providing private capital to bear mortgage credit risk for lenders and investors, enabling them to make safe and affordable mortgage financing available for homeowners.
Backed by a premier group of investors, Essent Guaranty is a well-established, growing and financially strong company serving the expanding private mortgage insurance market. Headquartered in Radnor, with operations centers in Winston-Salem, N.C. and Irvine, Calif., Essent is licensed to write mortgage insurance in all 50 states and the District of Columbia, and is approved by Fannie Mae and Freddie Mac. Additional information may be found at http://www.essent.us.
Southfield, Michigan-based Mortgage Builder Software, Inc. has been providing industry-leading loan origination software to mortgage banks, community banks, credit unions and other financial institutions since 1998. More at http://www.MortgageBuilder.com.