![]() Ask your Arch MI Account Manager if you’d like to connect with me for a conversation. If you’re shopping for a new loan origination system, I’m happy to share what I’ve learned working with customers and the industry’s loan origination system vendors for 25 years. These factors are important for mortgage leaders to be on the cutting edge in 2024. ➡️ The value of hiring a knowledgeable consultant to bring structure to your selection and implementation processes and assist with LOS acceptance testing. And why temporarily assigning one of your team members to the LOS implementation team full-time will accelerate the project and help to avoid re-work. Our underwriters are highly qualified and trained to support customer needs through personalized attention to their loan submissions. ➡️ Best practices for conducting a request for proposal, vendor demos, due diligence, contracting and implementation. Is it to reduce costs and improve efficiency or transform your customer experience? Map this out. ➡️ The importance of defining WHY you want a new system. Focus on the total price of the system over the length of the contract, and look for automation, scalability and a strong vendor reputation with a proven track record. Arch MI’s team of home office professionals provides customers with operational, risk management, marketing and technology support so you get solutions that work for you. ➡️ Key considerations for selecting a new system. Vendors are busy with strong interest from lenders looking for new loan origination systems. If you missed it, here’s a recap of some of the topics we covered: I recently had the opportunity to join Arleen Scavone of Newbold Advisors, LLC at CUNA Lending Council in our breakout session, “What to Consider Before Executing an LOS Agreement.” The Mortgage Coach Arch MI integration is now available to any lender with access to Mortgage Coach Enterprise Edition and an active Arch MI master policy.Hi there, I’m Will Vickers, Arch MI’s VP of Industry Technology, and I’m taking over Arch MI’s LinkedIn account today! “Borrowers will be able to make more informed choices when they use a TCA and review scenarios for loans with mortgage insurance competitively priced by RateStar℠, the industry’s first risk-based MI premium pricing tool.” “The addition of instant Arch MI quotes clearly enhances originators’ presentations using Mortgage Coach technology that today’s homebuyers are comfortable with,” said Will Vickers, Arch MI’s Vice President of Industry Technology. Realtor is a registered mark of the National Association of REALTORS. Read More: BlueVisor Takes Second Place In Fintech Unicorn Battle In Asia Arch MI RateStar is a registered mark and RateStar is a service mark of Arch Capital Group (U.S.) Inc. This innovation will help more of our members better understand how mortgage insurance can be part of their home loan strategy, which is valuable in every market we serve.” “Our annual need for loans requiring mortgage insurance is expanding as home affordability continues to be a challenge for our members. RateStar is a risk-based pricing program that matches Arch MIs most competitive MI rates more precisely to individual loan risk. For more than 25 years, we’ve invested resources, talent and innovation in our commitment to helping CUs thrive. ![]() Arch MI was the first MI company to recognize the importance of CUs and the superior performance of their member homebuyers. “Mortgage insurance makes homeownership possible for many people,” said Bruce Dickinson, Senior Vice President of Mortgage Lending at First Tech Federal Credit Union. For CUs, Arch MI Is a Foundation for Success. LOs can easily request current Arch MI quotes through Mortgage Coach for loan scenarios and side-by-side cost comparisons of options like monthly and single-premium MI. ![]() The addition of Arch MI RateStar ® on-demand pricing enables loan officers (LOs) to quickly and accurately educate borrowers on the impacts that MI has on closing costs, monthly principal and interest payments and total payments over the life of the loan. Mortgage lenders use the Mortgage Coach platform to compare and share loan options with borrowers through an interactive TCA presentation. Read More: Societe Generale Securities Services Launches A New Digital Solution: “Fund Alerts” Mortgage Coach, developer of the Total Cost Analysis (TCA) presentation designed to improve mortgage borrower conversions, has completed an integration with Arch Mortgage Insurance Company (Arch MI), a leading provider of private mortgage insurance (MI) and a wholly owned subsidiary of Arch Capital Group Ltd.
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