Essent serves the housing finance industry by providing private capital to bear mortgage credit risk for lenders and mortgage investors, enabling them to make safe and affordable mortgage financing available for homeowners.
Private mortgage insurance (MI) protects mortgage lenders and investors from the credit risks posed by mortgage loans if borrowers cannot pay their mortgages. By absorbing some or all of the credit loss risk inherent in extending mortgage credit with private capital, MI can help you serve more homeowners with confidence.
In comparison to other forms of mortgage credit protection, such as FHA, MI can be an ideal choice for lenders. MI is often less expensive, more flexible and more quickly approved than FHA. And MI can be easily cancelled, reducing costs for your borrowers.
With Essent MI coverage, you’re partnering with a strong counterparty that’s focused on risk management, and devoted to meeting your needs. Essent developed Clarity of Coverage®, Master Policy terms that are clear, understandable and fair when insurance really matters… at a time of loss and claim. To find out more about Clarity of Coverage, click below.
