Arch MI and Mortech Announce New Marksman Integration Delivering Live RateStar Risk-Based Pricing
April 16 2018 - 9:00AM
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
integration with Mortech, a Zillow Group business providing
mortgage technology solutions to mortgage bankers and secondary
market teams, for the Marksman product and pricing engine
(PPE).
All users of Mortech Marksman will now have immediate access to
Arch MI RateStar, the industry’s only true risk-based pricing
solution, without any initial setup requirements. Live RateStar
quotes will also be included in all best-execution mortgage
insurance queries. For added flexibility, RateStar will also be
available through Mortech’s Application Programming Interfaces
(APIs).
“We are pleased to announce our successful partnership with
Mortech,” said Chris Hovey, Arch MI’s Executive Vice President and
Chief Operating Officer. “As the only MI company providing live MI
quotes and eligibility information to users of the Mortech Marksman
platform, we believe this integration will enhance their customer
experience and promote a smooth, efficient workflow. Arch MI is
committed to bringing our most accurate and competitive pricing to
the platforms that our customers use to price MI.”
“By partnering with Arch MI, we’re able to unify mortgage
industry vendors for more streamlined originations that empower
both loan officers and consumers with more information earlier in
the homebuying process,” said Doug Foral, General Manager of
Mortech. “As consumers become more comfortable with the concept of
shopping for a mortgage loan, those lenders that are readily able
to provide the most accurate and complete quotes for a better
overall customer experience will have a competitive advantage.”
About Arch MI
Arch Capital Group Ltd.’s US 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 homeownership 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.
Arch MI RateStar is a registered mark of Arch Capital Group
(U.S.) or its affiliates. RateStar is a service mark of Arch
Capital Group (U.S.) or its affiliates.
About Mortech
Mortech supplies thousands of mortgage professionals with a
number of services and tools, such as all-in-one pricing, rate
notification, prospect management tools, custom rate sheets, loan
product eligibility and guideline services. Founded in 1987,
Mortech is based in Lincoln, Nebraska, and is owned and operated by
Zillow Group, Inc. (NASDAQ:Z and ZG). For more information, visit:
http://www.mortech.com/.
Zillow, Mortech and Marksman are registered marks of Zillow,
Inc.
© 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180416005176/en/
Arch MIGreg Hare,
336-333-0416ghare@archcapservices.comorMethod CommunicationsRamona
Redlingshafer,
415-849-1322ramona@methodcommunications.comorMortechKatie Sheridan, 402-441-4647 ext.
83561katies@zillowgroup.com