WALNUT CREEK, Calif.--(BUSINESS WIRE)--Arch Mortgage Insurance Company (“Arch MI”), a leading provider of private mortgage insurance and a wholly owned subsidiary of Arch Capital Group Ltd., today announced completion of a new integration with PathSoftware™, a new highly structured, cloud-based mortgage loan origination software (LOS) from CalyxSoftware®.
This integration will enable Arch MI’s delegated customers to order mortgage insurance from within PathSoftware. Loan data is securely transferred to Arch MI, ensuring accuracy and protection for sensitive borrower data. Certificates of Insurance are returned within seconds, and automatically stored in Path.
Customers using PathSoftware will be able to access RateStar®, Arch MI’s revolutionary risk-based pricing program that matches Arch MI’s most competitive rates to individual loan risk, allowing loan originators to offer more affordable mortgages to eligible borrowers.
“Arch MI is very pleased to partner with PathSoftware to support their users,” said Chris Hovey, executive vice president and COO at Arch MI. “This integration is another example of our commitment to provide lenders innovative and seamless technology solutions that work with their origination systems. Now our delegated customers who use Path can more easily order Arch MI mortgage insurance and take advantage of Arch MI RateStar.”
PathSoftware is the industry’s first data-driven, not form-driven, LOS. It enhances visibility and improves productivity across multiple business channels—wholesale, retail and correspondent. As a portal with a single point of entry, all loan data, lock data, products, pricing, automated underwriting system (AUS) findings, disclosure documents, compliance assurances and closing documents emanate and are reconciled within one system.
“PathSoftware is new and unique in the industry, which has given us an opportunity to do things a little differently. Our deployment strategy includes carefully choosing our integration partners—focusing on ensuring the quality and level of seamless connectivity we are committed to providing,” said Doug Mitchell, director of sales and support at PathSoftware. “It was a natural step to integrate with Arch MI so that our customers have access to their competitive rates through RateStar, and can efficiently order mortgage insurance without leaving Path.”
ABOUT ARCH MORTGAGE INSURANCE COMPANY
Arch Capital Group Ltd.’s U.S. mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk. Headquartered in Walnut Creek, CA, Arch MI's mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers. Arch MI’s flagship mortgage insurer, Arch Mortgage Insurance Company, is licensed to write mortgage insurance in all 50 states, the District of Columbia, and Puerto Rico. For more information, please visit archmi.com.
PathSoftware is a new loan origination software (LOS) from CalyxSoftware, and the first data-driven, not form-driven, LOS. Conceived and engineered for mid-tier to large, enterprise-level financial institutions, PathSoftware is a highly structured, end-to-end, cloud-based system with flexible, yet precisely configured, workflows for maximum visibility and productivity in a single, integrated, multi-channel platform. The depth and breadth of crafted workflow management and role-based functionality—and the resulting visibility, accountability and scalability—set PathSoftware apart. For more information, visit www.pathsoftware.com.