GREENSBORO, N.C.--(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 it has completed an integration with Lender Price, the pricing and product eligibility (PPE) platform for mortgage lenders.
“Arch MI is very pleased to partner with Lender Price,” said Chris Hovey, executive vice president and chief operating officer at Arch MI. “This integration is another example of our commitment to provide innovative and seamless technology solutions to lenders. Loan originators who use the Lender Price PPE platform now have easy access to RateStar, Arch MI’s most dynamic and competitive MI rate program.”
The Lender Price PPE returns live RateStar quotes instantly, ensuring competitive risk-based MI pricing and eligibility information are included in each product quote. RateStar pricing is also accessible from within the Lender Price application program interface, providing flexibility for lenders who choose to build their own pricing applications using the Lender Price solution.
“The integration between Arch MI and Lender Price further enhances our best-in-class Pricing and Product Eligibility product,” said Dawar Alimi, Lender Price co-founder and CEO. “We are excited to work with Arch MI, a like-minded company committed to enhancing the user experience and streamlining the mortgage loan process.”
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 Greensboro, North Carolina, with significant operations in Walnut Creek, California, Arch MI's mission is to protect lenders against credit risk, while extending the possibility of responsible home ownership 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.
ABOUT LENDER PRICE
Lender Price is a California-based big data technology innovator and developer of a digital mortgage platform, real-time, competitive mortgage analytics and product pricing & eligibility (PPE) solution complete with full mobile functionality and unprecedented business intelligence. With Lender Price, wholesale and correspondent lenders, banks, and credit unions can knowledegably manage product pricing for all mortgage types: conforming, non-conforming, non-QM, and specialty loans, delivering innovative features that include built-in compliance checks, secondary marketing tools, margin management, lock desk, customized workflows and mobile app.
Lender Price allows lenders to focus on what they do best by removing the burden of technology development and management. For more information, visit lenderprice.com.