Arch MI’s RateStar is the company’s risk-based pricing solution, which measures loan-level risk. Mortgage lenders that use RateStar can compete more effectively in the marketplace and offer eligible buyers more affordable mortgages. RateStar returns a rate quote after a few seconds, and only the lender’s NMLS number is needed to get started.
The RateStar promise guarantees final quotes for 90 days so long as essential loan and borrower data does not change, which protects lender pipelines. RateStar is integrated with most industry loan origination systems, including Byte Software’s BytePro, Mortgage Cadence, Lender Price and OpenClose.