RADNOR, Pa.--(BUSINESS WIRE)--
Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI)
and Mortgage Cadence LLC, an Accenture Company, announced today that
Essent MI services is now the most efficient way to originate MI
available to lenders through the Mortgage Cadence Enterprise Lending
Center (ELC) loan origination solution (LOS). All lenders now have
access to Essent MI for delegated and non-delegated loans and real-time
rate quotes through Mortgage Cadence’s LOS.
“Essent is thrilled to integrate with Mortgage Cadence’s ELC to provide
direct and real-time access to private MI for lenders and borrowers
through the Mortgage Cadence ELC,” said Bill Kaiser, Essent Guaranty’s
chief operations officer. “With this integration, clients can order
delegated and non-delegated MI without leaving the ELC platform.
Further, customers can directly quote Essent MI within the LOS, giving
them more confidence in the accuracy of the information that they share
with borrowers.”
Mortgage Cadence’s Enterprise Lending Center helps lenders reduce cycle
time and decrease cost, while providing lenders with control over their
system through built-in business rules and workflow. This integration
with Essent Guaranty complements these core features of the ELC so that
lenders can further streamline processes by checking rate quotes and
ordering MI without leaving the Mortgage Cadence platform.
“We are constantly seeking out the best-in-class third party providers
to deeply integrate with, and Essent is another great example of this,
giving our clients the seamless experience they’ve come to expect from
our technology,” said Mortgage Cadence’s EVP of Product Management, Paul
Wetzel. “This new integration is the next step in continually advancing
our mission to provide clients with enterprise-grade lending technology.”
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.
Source: Essent Group Ltd.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160517005072/en/
Source: Essent Group Ltd.