RateStar Refinance Retention

Take Advantage of Reduced MI Rates on Refinanced Mortgages

RateStar®, the industry’s leading risk-based MI pricing tool, now features a unique incentive for credit unions that are guiding members through the refinancing process. Our RateStar Refinance Retention program allows eligible credit unions* and their qualified customers to apply for a reduced monthly MI premium when refinancing their Arch MI-insured mortgages.

The program has the following parameters:

  • The member’s loan must be insured with an active Arch MI certificate.
  • Whether MI was previously lender-paid or borrower-paid, the new loan must be set up with a monthly borrower-paid MI (BPMI) premium.

Getting your reduced rate for the refinanced loan is easy. First, check whether your member’s loan’s is eligible on RateStar:

If the loan is eligible, you can then simply request your quote through your LOS as you do normally or continue to use the RateStar portal. If you use RateStar, it will return a reduced MI rate and monthly MI premium that you can print and submit with your application.

To review the step-by-step process for getting a quote though our portal, use the RateStar Refinance Retention Program Process Guide.

Pricing and Product Engines (PPEs) do not include Arch MI’s reduced rates for this program. To access the reduced rates, you will have to submit a quote request directly from an LOS system or use the RateStar portal.

* As of January 18, 2023, lenders domiciled in the following states — AK, HI, LA, MO, NM, NY, OH and WA — are not eligible for this program.