Essent Guaranty, a Bermuda-based provider of mortgage insurance (MI) and PCLender, a provider of web-based mortgage solutions for community banks, credit unions and mortgage bankers, have revealed that Essent MI is available to lenders through PCLender’s Loan Origination System (LOS).
Lenders will now be able to quote and order Essent MI for delegated and non-delegated loans directly from the LOS.
“This partnership between Essent and PCLender is a real win for our customers. PCLender’s integrated platform approach provides customers the ability to easily obtain MI rate quotes and order delegated and non-delegated MI certificates,” said Bill Kaiser, chief operations officer of Essent Guaranty.
“Our customers can expect greater efficiency and data accuracy, all while providing borrowers with the best possible MI solutions and service available.”
The PCLender LOS streamlines the lenders’ mortgage lending workflow through process automation, seamless integrations and rule-based validation, granting lenders improved loan quality and consistent compliance.
PCLender partners with industry experts and third party vendors to provide a robust service network.
Lionel Urban, CEO of PCLender, said: “With our new integration, our customers will seamlessly get feedback to validate mortgage insurance eligibility and rates. As lenders move into a purchase market, the need for streamlining the MI process is very valuable and we appreciate the collaboration and support from Essent to make it happen.”
Essent Guaranty, Bermuda, Insurance, Mortgage, PCLenders, Data, Lionel Urban, Bill Kaiser