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., today announced the completion of a new Total
Quality Loan® (TQL) system integration with Ellie Mae®
(NYSE:ELLI), the leading cloud-based platform provider for the mortgage
finance industry, which will streamline the MI ordering process and
improve data accuracy for participating lenders.
“I watched TQL evolve for years, going from something that helps you
streamline loan delivery to investors, to a tool that drives efficiency
throughout the loan process. Mortgage insurance is a valuable addition
to the services available in TQL and we look forward to using it in our
operation”
Arch MI is one of only three MI providers selected to partner with Ellie
Mae for its Encompass-MI Service within the TQL system. The new
integration means that users will have fast, easy access to RateStar,
the industry’s leading risk-based pricing solution, and receive Arch
MI’s most competitive rates for their loans.
Lenders that adopt the Encompass-MI Service within TQL will benefit from
several new capabilities, including:
- The ability to process multiple rate quotes simultaneously.
-
Automated submission and resubmission of RateStar rate quotes along
with delegated Arch MI Certificates. - Side-by-side rate quote comparisons.
-
Rapid administrator setup with a single login and easy-to-use, secure
user access tools. -
Enhanced reporting capabilities for increased efficiency and
compliance/quality assurance reviews. - An optional automated allocation model.
In addition, the Encompass-MI Service within TQL enables lenders to
monitor material data changes and instantly alert users to re-order rate
quotes or MI certificates, reducing delays and boosting volume.
“We are proud to partner with Ellie Mae to lead the improvement of the
MI ordering process for our mutual customers,” said Carl Tyree, Arch
MI’s Executive Vice President and Chief Sales Officer. “The new
Encompass-MI Service in TQL will deliver significant time savings and
ensure accurate MI pricing throughout the loan manufacturing process.
Eliminating manual steps will increase lender productivity, as will the
easy access to RateStar’s dynamic, risk-based pricing.”
“I watched TQL evolve for years, going from something that helps you
streamline loan delivery to investors, to a tool that drives efficiency
throughout the loan process. Mortgage insurance is a valuable addition
to the services available in TQL and we look forward to using it in our
operation,” said Travis Wallis, Vice President of Lending Operations at
Mortgage Express, a lender using the technology.
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 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, please visit archmi.com.
About Ellie Mae
Ellie Mae (NYSE:ELLI) is the leading
cloud-based platform provider for the mortgage finance industry. Ellie
Mae’s technology solutions enable lenders to originate more loans,
reduce origination costs, and shorten the time to close, all while
ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com
or call 877.355.4362 to learn more.
© 2018 Arch Mortgage Insurance Company. All Rights Reserved. Arch MI is
a marketing term for Arch Mortgage Insurance Company and United Guaranty
Residential Insurance Company. Ellie Mae, TQL and Encompass are
registered marks of Ellie Mae, Inc. RateStar is a service mark of Arch
Capital Group (U.S.) Inc. or its affiliates.
© 2018 Ellie Mae, Inc. Ellie
Mae®, Encompass®,
AllRegs®,
Mavent®,
Velocify®,
the Ellie Mae logo and other trademarks or service marks of Ellie Mae,
Inc. appearing herein are the property of Ellie Mae, Inc. or its
subsidiaries. All rights reserved. Other company and product names may
be trademarks or copyrights of their respective owners.