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.
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.