Essent Announces Integration with Mortgage Cadence’s Loan Fulfillment Center

Rhea-AI Summary

Essent Guaranty, Inc. has announced an expanded partnership with Mortgage Cadence, integrating their products and services into Mortgage Cadence's Loan Fulfillment Center platform. This integration will provide customers with streamlined access to Essent's mortgage insurance offerings.

Positive

• Expanded partnership with Mortgage Cadence will provide customers with streamlined access to Essent's mortgage insurance offerings.
• Integration with Mortgage Cadence's Loan Fulfillment Center platform will allow customers to have direct and real-time access to mortgage insurance rate and eligibility evaluations.

Negative

• None.

Expanded partnership with Mortgage Cadence serves mutual clients

RADNOR, Pa.--(BUSINESS WIRE)-- Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI) and subsidiary of Essent Group Ltd. (NYSE: ESNT) announced today they have integrated with Mortgage Cadence’s Loan Fulfillment Center (“LFC”).

“We are pleased to expand our integration with Mortgage Cadence to now provide mutual customers access to Essent’s products and services through their LFC platform,” said Kendra Placek, Vice President of Customer Experience and Innovation at Essent. “We are dedicated to providing streamlined access to our product offerings for customers and to working with mortgage technology providers focused on enabling a great mortgage experience for the borrower.”

The flexibility of this cloud based LFC platform from Mortgage Cadence gives customers a streamlined view of available MI services with direct and real-time access to mortgage insurance rate and eligibility evaluations, whether quoting or ordering, leveraging Essent’s proprietary pricing engine, EssentEDGE®.

“We are thrilled to announce the availability of Essent MI on the LFC platform with our 23.1 release. Essent is a valued partner who prioritizes the ability to order mortgage insurance in an efficient process, while mitigating risk for our clients,” says Jim Rosen, EVP of Services at Mortgage Cadence.

About Mortgage Cadence

Mortgage Cadence delivers the industry’s most complete, modern, cloud-based digital lending platform designed to provide an exceptional user experience throughout the entire mortgage lending life cycle, across all channels and products. With a leading borrower point-of-sale through closing collaboration tools, the end-to-end platform is both complete and configurable offering an open-architecture designed to meet the needs of today’s lenders. The platform enables lenders to work more efficiently, leveraging automation and workflow tools that deliver an excellent borrower, sales and operational user experience. For more information visit www.mortgagecadence.com.

About Essent

Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company (collectively with its subsidiaries, “Essent”) which serves the housing finance industry by offering private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. Additional information regarding Essent may be found at www.essentgroup.com.

Source: Essent Group Ltd.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231024596556/en/

Media

610.230.0556

media@essentgroup.com

Investor Relations

Philip Stefano

Vice President, Investor Relations

855-809-ESNT

ir@essentgroup.com

Source: Essent Group Ltd.

FAQ

What is the expanded partnership between Essent Guaranty and Mortgage Cadence?

Essent Guaranty has integrated its products and services into Mortgage Cadence's Loan Fulfillment Center platform, providing customers with streamlined access to Essent's mortgage insurance offerings.

What are the benefits of the integration with Mortgage Cadence's platform?

The integration allows customers to have direct and real-time access to mortgage insurance rate and eligibility evaluations, making the process more efficient.

Who is Essent Guaranty?

Essent Guaranty is a nationwide provider of mortgage insurance and a subsidiary of Essent Group Ltd.

Who is Mortgage Cadence?

Mortgage Cadence is a mortgage technology provider focused on enabling a great mortgage experience for borrowers.