RADNOR, Pa.--(BUSINESS WIRE)--
Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI)
and LendingQB, announced today that Essent MI is the first mortgage
insurance provider available to lenders through LendingQB’s 100%
web-based mortgage loan origination system (LOS). Lenders now will have
access to Essent MI for delegated and non-delegated loans and real time
rate quotes through LendingQB’s end-to-end LOS.
“Essent is thrilled to be the first mortgage insurance company to
provide direct and real-time access to private MI for lenders and
borrowers through LendingQB,” said Bill Kaiser, Essent Guaranty’s chief
operations officer. “Delegated and non-delegated customers will benefit
from not having to leave the platform to check rate quotes and order MI
and can feel confident in LendingQB as the loan system of record.”
LendingQB’s LOS allows lenders to reduce costs while remaining in
compliance with complex regulations and still offering competitive
mortgage products. Essent Guaranty is the first MI provider to offer
lenders the ability to check rate quotes and order MI without leaving
the LendingQB platform.
“Another step in the evolution of LendingQB’s web-based lending process
is the ability to seamlessly offer MI through Essent Guaranty,” said
Binh Dang, LendingQB president. “The MI integration goes a long way
toward achieving our lean lending mission by automating processing steps
and increasing productivity. Also, the ability to effortlessly submit MI
data offers a more efficient and effective mortgage experience for our
lenders.”
About Essent:
Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company which,
through its wholly-owned subsidiary Essent Guaranty, Inc.,
(collectively, “Essent”) offers private mortgage insurance for
single-family mortgage loans in the United States. Essent provides
private capital to mitigate mortgage credit risk, allowing lenders to
make additional mortgage financing available to prospective homeowners.
Headquartered in Radnor, Pennsylvania and rated BBB+ by Standard &
Poor’s and Baa2 by Moody’s, Essent Guaranty, Inc. is licensed to write
mortgage insurance in all 50 states and the District of Columbia, and is
approved by Fannie Mae and Freddie Mac. Essent also offers
mortgage-related insurance and reinsurance through its Bermuda-based
subsidiary, Essent Reinsurance Ltd. Additional information regarding
Essent may be found at www.essentgroup.com.
About LendingQB:
LendingQB is a provider of 100% web browser-based, end-to-end loan
origination software offering residential mortgage banking organizations
lean strategies for optimal performance resulting in faster cycle time
and lower costs per loan. For more information, please call 888.285.3912
or visit www.lendingqb.com.
Source: Essent Group Ltd.
Source: Essent Group Ltd.