Last month, the private mortgage insurance company integrated with the 100% web-based mortgage loan system
by Heather Turner
Arch Mortgage Insurance Company (Arch MI), the wholly owned subsidiary of Arch Capital Group Ltd. that provides private insurance coverage for mortgage credit risk, announced in mid-February the company’s integration with LendingQB, a 100% web-based, end-to-end mortgage loan origination software.
“Arch MI is very pleased to partner with LendingQB,” said Chris Hovey, executive vice president and COO at Arch MI. “This integration is another example of our commitment to provide lenders innovative and seamless technology solutions. Customers who use the LendingQB platform now have easy access to the full range of Arch MI capabilities, including RateStar, Arch MI’s most dynamic and competitive MI rate program.”
According to a company press release, delegated Arch MI customers can now request RateStar rate quotes and mortgage insurance, with quotes immediately accessible and certificates of insurance returned within seconds, entirely and securely from the LendingQB system. Borrower’s data and loan data is then securely transferred to Arch MI, ensuring accuracy and protection of sensitive information.
Loan origination software complies with industry and regulatory standards to eliminate security breaches and protect users’ data.
“The integration between Arch MI and Lending QB’s web-based lending process allows lenders to seamlessly access all of Arch MI’s innovative mortgage insurance products,” said Binh Dang, president at LendingQB. “Providing seamless integrations to enable more efficient lending processes to our clients is a cornerstone of the Lean Lending® strategy. The integration is further proof of LendingQB’s commitment to adding value to our clients’ businesses,” he said.
