Enact Announces Integration with Blend to Digitally Enhance the Mortgage Application Process
23 March 2023 - 6:30AM
Enact Holdings, Inc. (Nasdaq: ACT) (Enact) a
leading provider of private mortgage insurance through its
insurance subsidiaries announced today that they have integrated
with Blend, a leading provider of digital banking and mortgage
solutions.
Through Blend’s digital mortgage platform, lenders can quickly
and easily access rate quotes for private mortgage insurance (PMI).
This ability to order PMI rate quotes without leaving the Blend
platform creates a seamless and more efficient experience for the
lender, as they are working directly through technology they
already know and use.
“Enact is committed to providing an exceptional experience for
all of our customers, and integrations with technology platforms
are an integral component of that,” said Neenu Kainth, Chief
Customer Experience Officer at Enact, “Each of our customers has
different technological needs, and partnering with companies like
Blend allows us to support our customers in the environments that
work best for them.”
”We look forward to creating more seamless PMI rate-quoting
experiences for mortgage lenders to deliver consumers a superior
borrower experience,” said Erik Wrobel, head of product at Blend.
“This integration partnership is another step in the direction of
improving financial access and transparency to all consumers.”
Blend’s cloud banking platform is used by more than 300 clients,
and processes more than $5 billion in loans each day.
About Enact Holdings,
Inc.Enact (Nasdaq: ACT), operating
principally through its wholly-owned subsidiary Enact Mortgage
Insurance Corporation since 1981, is a leading U.S. private
mortgage insurance provider committed to helping more people
achieve the dream of homeownership. Building on a deep
understanding of lenders' businesses and a legacy of financial
strength, we partner with lenders to bring best-in class service,
leading underwriting expertise, and extensive risk and capital
management to the mortgage process, helping to put more people in
homes and keep them there. By empowering customers and their
borrowers, Enact seeks to positively impact the lives of those in
the communities in which it serves in a sustainable way. Enact is
headquartered in Raleigh, North Carolina.
About BlendBlend is the infrastructure powering
the future of banking. Financial providers— from large banks,
fintechs, and credit unions to community and independent mortgage
banks—use Blend's platform to transform banking experiences for
their customers. Blend powers billions of dollars in financial
transactions every day. To learn more, visit
blend.com.
Media Contact (Enact)
Sarah Wentz
Sarah.Wentz@enactmi.com
Media Contact (Blend)
Gene Kim
press@blend.com
Enact (NASDAQ:ACT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Enact (NASDAQ:ACT)
Historical Stock Chart
From Apr 2023 to Apr 2024