RADNOR, Pa.--(BUSINESS WIRE)--
Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI)
and Mortgage Cadence LLC, an Accenture Company, announced today that
ordering Essent MI services through the Mortgage Cadence Enterprise
Lending Center (ELC) loan origination solution (LOS), is now even easier
for underwriters. The Essent MI integration, already available to
lenders through Mortgage Cadence’s LOS, now provides even greater
efficiency.
“With the enhanced Essent MI integration within Mortgage Cadence’s ELC,
lenders can access a greater array of MI products, premium payment types
and coverage choices, and thus gives them many options to offer
borrowers,” said Bill Kaiser, Essent Guaranty’s chief operations
officer. “Essent believes that clients will be elated to take advantage
of the process automation afforded by this sophisticated integration
that will save time and minimize human error.”
The core features that Mortgage Cadence’s Enterprise Lending Center
offers lenders helps them to reduce cycle time and cost, while giving
them the tools to maintain compliance. The Essent Guaranty MI
integration complements these core features by letting lenders provide
detailed MI quotes to borrowers at time of origination and, further,
affords lenders a rich variety of MI options, while never leaving ELC.
“Mortgage Cadence is continuously working on third-party integration
options to best serve our clients’ long-term needs. This integration
with Essent is just one great example of our commitment to help our
customers enhance efficiency and reduce risk through full featured
integrations. We look forward to broad use of the Mortgage Cadence
Essent integration,” said Mortgage Cadence’s EVP of Product Management,
Paul Wetzel.
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.
Source: Essent Group Ltd.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170207005153/en/
Source: Essent Group Ltd.