Essent Announces Launch of EssentEDGE™
08 January 2019 - 12:00AM
Business Wire
New platform supporting a fully integrated
pricing engine
Essent Guaranty, Inc., a nationwide provider of mortgage
insurance (MI) and subsidiary of Essent Group Ltd. (NYSE: ESNT),
announced today that EssentEDGE, a new platform supporting a fully
integrated pricing engine, will be available for customers on
January 21, 2019. The EssentEDGE platform provides the capability
to price more attributes at the loan level, unlike the current rate
card pricing structure which is generally based on broad FICO and
LTV ranges.
“EssentEDGE aligns with our lender customers’ increasing focus
on enhancing their front end and best execution technologies,” said
Mark Casale, Chairman and Chief Executive Officer. “Additionally,
as managers of long-tail mortgage credit risk, EssentEDGE is
another tool that enables us to shape our portfolio to our desired
risk and return profile.”
EssentEDGE is available to customers via Essent’s Rate Finder
and through most industry pricing engines and loan origination
system interfaces. The timing and extent of EssentEDGE pricing
availability may be subject to pending regulatory approval in some
states. Essent’s current rate card pricing structure is available
and will be applied to coverage where EssentEDGE pricing is not yet
available.
About Essent:
Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding
company (collectively with its subsidiaries, “Essent”) which,
through its wholly-owned subsidiary Essent Guaranty, Inc., offers
private mortgage insurance for single-family mortgage loans in the
United States. Essent provides private capital to mitigate mortgage
credit risk, allowing lenders to make additional mortgage financing
available to prospective homeowners. Headquartered in Radnor,
Pennsylvania, Essent Guaranty, Inc. is licensed to write mortgage
insurance in all 50 states and the District of Columbia, and is
approved by Fannie Mae and Freddie Mac. Essent also offers
mortgage-related insurance, reinsurance and advisory services
through its Bermuda-based subsidiary, Essent Reinsurance Ltd.
Additional information regarding Essent may be found at
www.essentgroup.com and www.essent.us.
Source: Essent Group Ltd.
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Media Contact610.230.0556media@essentgroup.com
Investor Relations ContactChristopher G. CurranSenior
Vice President – Investor
Relations855-809-ESNTir@essentgroup.com
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