The only provider of downpayment insurance has announced the closing of $6.5 million in funding led by an affiliate of Everest Re Group Ltd and Houston International Insurance Group
The only provider of downpayment insurance has announced the closing of $6.5 million in funding led by an affiliate of Everest Re Group Ltd and Houston International Insurance Group.
The Dallas-based ValueInsured received $6m of seed funding from the two insurers in its initial round in 2014 and this additional investment will enable the firm to expand its partnership strategy and platforms.
"ValueInsured has delivered a truly innovative product and we're proud to be partnering with them to help make this next generation mortgage product more accessible to homebuyers nationwide," said Stephen L. Way, CEO of HIIG.
ValueInsured’s downpayment protection insurance program +Plus is currently available nationwide in conjunction with a network of select retail loan officers, correspondent lenders and wholesalers and the new funding will allow the firm to attract new lenders to offer the product.
"This added support will allow us to deliver down payment protection to more mortgage originators and, most importantly, more homebuyers, providing them peace of mind amid unpredictable, negative changes in the housing market," said Joe Melendez, CEO of ValueInsured.
The Dallas-based ValueInsured received $6m of seed funding from the two insurers in its initial round in 2014 and this additional investment will enable the firm to expand its partnership strategy and platforms.
"ValueInsured has delivered a truly innovative product and we're proud to be partnering with them to help make this next generation mortgage product more accessible to homebuyers nationwide," said Stephen L. Way, CEO of HIIG.
ValueInsured’s downpayment protection insurance program +Plus is currently available nationwide in conjunction with a network of select retail loan officers, correspondent lenders and wholesalers and the new funding will allow the firm to attract new lenders to offer the product.
"This added support will allow us to deliver down payment protection to more mortgage originators and, most importantly, more homebuyers, providing them peace of mind amid unpredictable, negative changes in the housing market," said Joe Melendez, CEO of ValueInsured.
