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Essent Group Ltd (symbol: ESNT), founded in 2008 and headquartered in Hamilton, Bermuda, is a key player in the United States housing finance industry. Through its subsidiaries, Essent offers private mortgage insurance and reinsurance services for residential properties. These services include primary, pool, and master policy products that provide extensive credit protection to lenders and mortgage investors.
Essent's mortgage insurance products are designed to cover a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. This coverage helps mitigate mortgage credit risk and supports lenders in extending more mortgage financing to prospective homeowners.
The company also offers related services, including information technology maintenance and development, customer support, and contract underwriting services. These services primarily cater to the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders.
Essent operates across all 50 states and the District of Columbia, providing mortgage guaranty coverage that enhances the liquidity and stability of the housing finance market. By delivering essential risk management products and title insurance and settlement services, Essent plays a vital role in promoting homeownership in the United States.
Recent achievements and ongoing projects underscore Essent's continued commitment to innovation and customer service. The company's robust financial condition, strategic partnerships, and comprehensive product offerings position it as a trusted partner for mortgage lenders, borrowers, and investors.
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