![]() ![]() 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. a Wpi 1/2 1 de AV dt Te mi Te 1+ ( 4772 ) exp ( -27 ) 2T Ti me 1 which for the adopted values yields a 1.4 X 102. 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. ![]() mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk. Utilizing more than 165 direct vendor integrations, big data, artificial intelligence and process automation, BeSmartee's Mortgage POS, TPO Platform and Home Equity POS offer high-touch, end-to-end production experiences that shorten lending cycles and reduce costs, taking today's originators and borrowers further, faster. "This integration will help scale up origination opportunities for lenders, attracting and qualifying more borrowers with competitive rates in real time to reduce costs and accelerate sales."īeSmartee® disrupts the financial services industry with its award-winning, web-based mortgage lending software for lending institutions. "We are glad to announce our successful partnership with BeSmartee," said Carl Tyree, Arch MI's Executive Vice President and Chief Sales Officer. "This integration ensures that the MI fees BeSmartee auto-populates into the initial disclosure stack, viewed and eSigned by borrowers within the BeSmartee POS, are highly accurate." "The ability to quote MI rates quickly and accurately is an important element to delivering speed and efficiency during the borrower application process," said BeSmartee Co-founder Arvin Sahakian. With financed MI, the upfront MI amount being financed is identified separately and the lender obtains an endorsement to the MI policy, which says that, in the event of a claim, the policy fully covers the portion of the loan that is the unamortized portion of the loan amount relating to the financed MI premium. Now celebrating 10 years as the industry's leading risk-based MI pricing solution, Arch MI RateStar® evaluates a wide variety of loan characteristics to provide the most tailored, complete and precise MI rate. However, with prepaid MI, because the upfront MI amount being financed is not broken out separately and is lumped in with other closing costs, the MI company cannot provide its typical financed MI policy endorsement therefore, Fannie Mae’s exposure is based on the total LTV, including the closing costs with the upfront MI amount embedded. This integration ensures that the MI fees BeSmartee auto-populates into the initial disclosure stack, viewed and eSigned by borrowers within the BeSmartee POS, are highly accurate. ![]()
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