HousingWire recognizes Arch MI for its refinance MI solution and voice technology enhancements.
GREENSBORO, N.C.–(BUSINESS WIRE)–Arch MI has been named a winner of HousingWire’s Tech100 Mortgage Awards for its RateStar Refinance Retention tool and voice technology solutions.
As a sharp drop in mortgage rates sparked a refinance boom in mid-2019, Arch MI introduced the RateStar Refinance Retention program to enable lenders to stand out from the competition by offering qualified borrowers the opportunity to get both a lower-interest loan and a lower MI payment.
In addition to spotlighting Arch MI’s RateStar Refinance Retention tool in the March 2020 issue, HousingWire describes Arch MI’s deployment of voice technology for lenders to access the Loan Status Lookup tool via loan origination systems, desktop PCs or Alexa-enabled devices.
“We’re pleased HousingWire recognized our RateStar platform and the new solutions it provides for lenders to originate and close more loans in a changing marketplace,” said Jim Jumpe, Arch MI Senior Vice President and Chief Marketing Officer. “We also appreciate this recognition of the hard work of our technology group and our customer teams who work directly with lenders to meet their needs and maximize opportunities.”
“The winners of the 2020 HousingWire Tech100 awards are truly the most impactful and innovative companies in housing,” said HousingWire CEO Clayton Collins. “Not only do these companies empower their clients and users, they are supporting a more efficient, accessible and sustainable housing economy.”
Arch Capital Services Inc.
Greg Hare, 336-333-0416
A year ago, HousingWire recognized Arch MI with a 2019 Tech100 award for RateStar Buydown — the industry’s first tool for creating a custom MI payment for each borrower that leverages all lender, seller and Realtor credits.
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.
HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 7.5 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. For more information, visit housingwire.com.
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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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