One of the industry’s leading mortgage insurance providers, Arch MI launched in 2014, and has since consistently delivered unique new MI solutions that expand origination opportunities.
Arch MI is also the best-in-class MI partner for expert risk management, easy technology tools, complimentary training webinars and personalized customer service. For more information, call 800.909.4264 or visit archmi.com.
Mortgage lenders are having success using education programs and financing options to guide Millennial first-time homebuyers into homes. These tools can also help other potential buyers facing similar challenges.
“Being able to price MI more precisely gives lenders a significant competitive edge in the 2016 market and beyond. For eligible borrowers, RateStar can mean more affordable mortgages with lower monthly payments overall."
For anyone actively working in the mortgage industry, it’s no secret that reverse mortgages have taken a brutal hit in the last two years. The U.S. Department of Housing and Urban Development issued major program changes at the end of 2017 that effectively limited the amount of proceeds and the number of people who could qualify for the loan. The result had lenders across the space enduring sizable volume drops and subsequent gashes to their bottom lines.