GREENSBORO, N.C.--(BUSINESS WIRE)--BeSmartee, a leading multi-platform technology company, announced a direct 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.
Pairing Arch MI’s RateStar® risk-based MI pricing solution with the BeSmartee POS (point of sale) mortgage origination platform provides productive workflow continuity to modernize the lending process and improve the borrower journey.
Now celebrating 10 years as the industry’s leading risk-based MI pricing solution, Arch MI RateStar evaluates a wide variety of loan characteristics to provide the most tailored, complete and precise MI rate.
“The ability to quote MI rates quickly and accurately is an important element to delivering speed and efficiency during the borrower application process,” said BeSmartee co-founder Arvin Sahakian. “This integration ensures that the MI fees BeSmartee autopopulates in the initial disclosure stack viewed and eSigned by borrowers within the BeSmartee POS are highly accurate. We are pleased to see our relationship with Arch MI growing stronger.”
“We are glad to announce our successful partnership with BeSmartee,” said Carl Tyree, Arch MI’s Executive Vice President and Chief Sales Officer. “This integration will help scale up origination opportunities for lenders by attracting and qualifying more borrowers with competitive rates in real time to reduce costs and speed closings.”
About Arch MI
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, 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, visit archmi.com.
BeSmartee® disrupts the financial services industry with its award-winning, web-based mortgage lending software for lending institutions. Using more than 165 direct vendor integrations, big data, artificial intelligence and process automation, BeSmartee’s Mortgage POS, TPO Platform and Home Equity POS offer high-touch, end-to-end production experiences that shorten lending cycles and reduce costs, taking today’s originators and borrowers further, faster. Connect with us at besmartee.com.
Cautionary Note Regarding Forward-looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward−looking statements, which reflect our current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward−looking statements.
Forward-looking statements can generally be identified by the use of forward−looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward-looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and our ability to maintain and improve our ratings; investment performance; the loss of key personnel; the adequacy of our loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; our ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses we have acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to us of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to us; and other factors identified in our filings with the U.S. Securities and Exchange Commission.
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward−looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. We undertake no obligation to publicly update or revise any forward−looking statement, whether as a result of new information, future events or otherwise.