Introducing Arch MI Equity Secure
Insure second liens to boost your profitability while reducing risk.
Insure Second Liens with Arch MI Equity Secure
Home equity lending opportunities open up when homeowners are “locked in” by interest rates and unwilling to sell — but have record amounts of equity.
For these customers, some large financial purchases can’t wait. Second-lien loans for home improvements, debt consolidation or college tuition are a way for you to build volume, profitability and referrals.
Compete Successfully for Second-Lien Business with AMAC’s Equity Secure
Approve more of these loans when you have a trusted partner to insure them. Arch Mortgage Assurance Company (AMAC) is a credit agency-rated, admitted insurer of second liens, affiliated with Arch Mortgage Insurance Company.
Through AMAC’s Arch MI Equity Secure® (Equity Secure), it offers a simple, innovative coverage program that helps you expand your home lending offerings while transferring the risk to AMAC.
Why Choose Equity Secure?
Credit unions need a trusted partner with proven financial strength and a track record of innovative insurance solutions and customer service.
Financial Strength
AMAC is an affiliate of Arch Mortgage Insurance Company (Arch MI), a top-rated, industry-leading diversified insurer of mortgage credit risk.
Highly Rated
As an admitted carrier, AMAC received a strong credit rating from Morningstar DBRS, recognizing its financial strength, sound controls and ability to provide long-term, consistent protection.
Service
AMAC can provide reliable, full-service support for the life cycle of your loans.
Flexible Guidelines
Expansive and flexible enough to cover most lending situations and to align with your program. Designed to be consistent with most GSE income and asset calculations.
Get Safe, Fast Coverage with Equity Secure:
| Easy to Use | Stop-Loss Security | Covers Four Second-Lien Loan Types |
|---|---|---|
| With delegated underwriting model, customers simply submit a monthly account report to AMAC. | Limit of liability runs with the policy period and is equal to 10% of insured loan maximums (full line amount for open-end and full initial loan amount for closed-end). | • Home equity lines of credit (HELOCs). • Home equity loans (HELOANs). • Purchase money seconds (closed-end). • Purchase money seconds (open-end). |
| Timely turn and response times, with no impact on your speed to funding. | Liability pool structure pays up to 100% of approved claims, as long as aggregate claims for the policy period do not exceed the limit of liability. | |
| No foreclosures required, no REO costs to deal with. |
Partner with Us for Second-Lien Success
Contact your Arch MI Account Manager to discuss how Equity Secure can meet your needs and apply for an AMAC Master Policy.
Find Your Account Manager