GREENSBORO, N.C.--(BUSINESS WIRE)--Arch Mortgage Insurance Company (“Arch MI”), a leading provider of private mortgage insurance (MI) and a wholly owned subsidiary of Arch Capital Group Ltd., and Vesta, a next-generation loan origination system (LOS) and software-as-a-service company, launched a new integration providing customers with direct access to Arch MI’s industry-leading products and pricing tools.
“Arch MI's newly-launched integration with Vesta LOS delivers a seamless ordering experience for our mutual customers, while also increasing accuracy and reducing costs,” said Will Vickers, Arch MI’s Vice President of Industry Technology. “We are proud to partner with Vesta to provide direct access to Arch MI RateStar® for our most competitive rates and to automatically lock in your quote with our 90-day promise. The integration provides Vesta with a streamlined process for ordering MI quotes and delegated MI without leaving the Vesta LOS. We are committed to bringing technology solutions to the marketplace that improve lender efficiency and accuracy.”
According to Mike Yu, Vesta CEO, "Ordering mortgage insurance remains a critical piece of the loan origination puzzle, and we are thrilled to be able to partner with Arch MI to offer a first-class, natively built integration to make quoting and ordering a quick, easy and ultra-efficient process for our lenders."
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, 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, visit archmi.com.
Vesta is a SaaS provider of mortgage loan origination software. The platform provides lenders with a modern system of record and customizable workflows for an end-to-end mortgage loan fulfillment process. Headquartered in San Francisco, California, the company was founded by early Blend employees Mike Yu and Devon Yang in 2020. Investors backing Vesta include Andreessen Horowitz, Bain Capital Ventures, Conversion Capital, Index Ventures and Zigg Capital. For more information, visit usevesta.com or Vesta’s LinkedIn.
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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.
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