RADNOR, Pa.--(BUSINESS WIRE)--
Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI)
and PCLender, LLC., the most advanced provider of web-based mortgage
solutions for community banks, credit unions and mortgage bankers,
announced today that Essent MI is available to lenders through
PCLender’s Loan Origination System (“LOS”). Lenders will now be able to
quote and order Essent MI for delegated and non-delegated loans directly
from the LOS.
“This partnership between Essent and PCLender is a real win for our
customers,” said Bill Kaiser, Essent Guaranty’s chief operations
officer. “PCLender’s integrated platform approach provides customers the
ability to easily obtain MI rate quotes and order delegated and
non-delegated MI certificates. Our customers can expect greater
efficiency and data accuracy, all while providing borrowers with the
best possible MI solutions and service available.”
The PCLender LOS streamlines the lenders’ mortgage lending workflow
through process automation, seamless integrations and rule-based
validation, granting lenders improved loan quality and consistent
compliance. PCLender partners with industry experts and “best of breed”
third party vendors to provide a robust service network.
“With our new integration, our customers will seamlessly get feedback to
validate mortgage insurance eligibility and rates,” says Lionel Urban,
CEO of PCLender. “As lenders move into a purchase market, the need for
streamlining the MI process is very valuable and we appreciate the
collaboration and support from Essent to make it happen.”
About Essent:
Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company
(collectively with its subsidiaries, “Essent”) which, through its
wholly-owned subsidiary Essent Guaranty, Inc., 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, 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, reinsurance and advisory
services through its Bermuda-based subsidiary, Essent Reinsurance Ltd.
Additional information regarding Essent may be found at www.essentgroup.com
and www.essent.us.
About PCLender:
PCLender delivers simple, elegant internet-based mortgage solutions for
community banks, credit unions and mortgage bankers. With a proven
record of providing immediate return on investment, PCLender is the most
cost effective lending solution available. Owned and operated by
Mortgage Bankers, PCLender engages with lenders in a collaborative
manner to dynamically fit the ever-changing world in which they lend.
For more information on PCLender, the only Total Mortgage Solution
specifically designed by mortgage banking experts, or to schedule a
demo, call 877-536-6886 or visit www.pclender.com.
Simplifying Today’s Lending Complexities.
Source: Essent Group Ltd.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161215005077/en/
Source: Essent Group Ltd.