Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI) and subsidiary of Essent Group Ltd. (NYSE: ESNT), announced today that EssentEDGE, a new platform supporting a fully integrated pricing engine, will be available for customers on January 21, 2019.
Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI)
and subsidiary of Essent Group Ltd. (NYSE: ESNT), announced today that
EssentEDGE, a new platform supporting a fully integrated pricing engine,
will be available for customers on January 21, 2019. The EssentEDGE
platform provides the capability to price more attributes at the loan
level, unlike the current rate card pricing structure which is generally
based on broad FICO and LTV ranges.
“EssentEDGE aligns with our lender customers’ increasing focus on
enhancing their front end and best execution technologies,” said Mark
Casale, Chairman and Chief Executive Officer. “Additionally, as managers
of long-tail mortgage credit risk, EssentEDGE is another tool that
enables us to shape our portfolio to our desired risk and return
EssentEDGE is available to customers via Essent’s Rate Finder and
through most industry pricing engines and loan origination system
interfaces. The timing and extent of EssentEDGE pricing availability may
be subject to pending regulatory approval in some states. Essent’s
current rate card pricing structure is available and will be applied to
coverage where EssentEDGE pricing is not yet available.
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
Source: Essent Group Ltd.