![]() Headquartered in Greensboro, North Carolina, Arch MI's mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers. mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk. The Mortgage Coach Arch MI integration is now available to any lender with access to Mortgage Coach Enterprise Edition and an active Arch MI master policy.Īrch Capital Group Ltd.’s U.S. “Borrowers will be able to make more informed choices when they use a TCA and review scenarios for loans with mortgage insurance competitively priced by RateStar℠, the industry’s first risk-based MI premium pricing tool.” “The addition of instant Arch MI quotes clearly enhances originators’ presentations using Mortgage Coach technology that today’s homebuyers are comfortable with,” said Will Vickers, Arch MI’s Vice President of Industry Technology. This innovation will help more of our members better understand how mortgage insurance can be part of their home loan strategy, which is valuable in every market we serve.” “Our annual need for loans requiring mortgage insurance is expanding as home affordability continues to be a challenge for our members. "Mortgage insurance makes homeownership possible for many people,” said Bruce Dickinson, Senior Vice President of Mortgage Lending at First Tech Federal Credit Union. LOs can easily request current Arch MI quotes through Mortgage Coach for loan scenarios and side-by-side cost comparisons of options like monthly and single-premium MI. The addition of Arch MI RateStar ® on-demand pricing enables loan officers (LOs) to quickly and accurately educate borrowers on the impacts that MI has on closing costs, monthly principal and interest payments and total payments over the life of the loan. Mortgage lenders use the Mortgage Coach platform to compare and share loan options with borrowers through an interactive TCA presentation. Constant innovation makes RateStar relevant to loan officers, who are competing for every loan and need a dynamic MI pricing solution with the flexibility and precision to differentiate them in the marketplace.GREENSBORO, N.C.-( BUSINESS WIRE)-Mortgage Coach, developer of the Total Cost Analysis (TCA) presentation designed to improve mortgage borrower conversions, has completed an integration with Arch Mortgage Insurance Company (Arch MI), a leading provider of private mortgage insurance (MI) and a wholly owned subsidiary of Arch Capital Group Ltd. “Fortunately, we have both the in-house expertise and experience to ensure the tool evolves as conditions change. “Arch MI has led the way with our risk-based MI pricing solution, and we’ll continue to identify opportunities to enhance and expand RateStar’s capabilities,” Schmeiser said. It’s also available on most industry loan origination systems and pricing engines, as well as through Arch MI’s origination platform, CONNECT, and its downloadable mobile app. The new RateStar portal has a unique URL, ( for credit unions). RateStar provides a streamlined, uncluttered customer experience with design enhancements based on lender preferences.” Users have a full range of MI pricing options to choose from. “It offers an express rate quote option that returns rate quotes faster and requires far fewer fields. “Now we’re taking RateStar to the next level with our new portal,” he continued. ![]() “RateStar transformed the way lenders selected coverage, delivering our most competitive rates for each loan, and RateStar Buydown made it possible for them to tailor MI premiums according to individual borrower circumstances.” “RateStar continues to evolve as we apply our decade of expertise and customer feedback,” said Michael Schmeiser, Arch MI’s President and CEO. RateStar Buydown allows loan officers to customize a unique MI premium payment for each borrower, leveraging all lender and seller credits. RateStar is also the only MI pricing tool that currently has an MI buydown feature. RateStar launched 10 years ago as a dynamic tool that could evaluate individual loan risk precisely. This next generation of Arch MI’s RateStar user portal delivers a streamlined customer experience with express quotes and options to fully customize quotes. Arch Mortgage Insurance Company (Arch MI), a provider of private mortgage insurance (MI) and a wholly owned subsidiary of Arch Capital Group Ltd., announced the release of an update to their premium pricing tool, RateStar.
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