RADNOR, PA and PLANO, TX – November 14, 2013 — Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI), and Optimal Blue, award-winning provider of the industry-leading, enterprise level, end-to-end product, pricing and secondary marketing automation platform, announced today that Essent MI is now integrated within Optimal Blue’s workflow platform.
“From accessing quotes in real-time to providing multiple product offerings that best fit a borrower’s financial needs, Essent’s customers will have the advantage of streamlined offerings from Optimal Blue’s workflow platform,” said Bill Kaiser, Essent’s chief operations officer. “Optimal Blue’s system also offers strong risk management tools for secondary marketing and better enables risk managers to control MI placement.”
The integration empowers loan originators as they are now able to meet the consumer's need more quickly and accurately. It is a synergy that will ultimately grow the business of the partner companies.
“For Optimal Blue and Essent customers at the point of sale for loans that require MI, Essent is a new and exciting option that offers initial rate estimate and other features,” said Larry Huff, Co-CEO of Optimal Blue. “Loan officers are better able to help borrowers make an informed decision on Essent MI at the point of sale. Partnerships and a commitment to this level of integration add tremendous value to lenders and consumers as well as aiding in compliance.”
Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company which, through its wholly owned subsidiary Essent Guaranty, Inc., (collectively, “Essent”) 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. Additional information regarding Essent may be found at www.essent.us and www.essentgroup.com.
About Optimal Blue
Founded in 2002, Optimal Blue is a Web-based provider of product eligibility and pricing engine (PPE) technology. Based in Plano, Texas, Optimal Blue has developed a comprehensive suite of products designed to give lenders the ability to automate the management and distribution of their products, pricing and secondary marketing activities, enabling originators to then source, manage, price, lock and sell loans in a way that is efficient, accurate and easy to use. Without having to be technology experts, Optimal Blue’s solutions allow clients to leverage superior technology and content for a competitive advantage. For more information, please visit www.optimalblue.com.
978-781 -0200 ext. 793