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Arch Mortgage Insurance Company (Arch MI), a provider of private mortgage insurance (MI) and a wholly owned subsidiary of Arch Capital Group Ltd., announced the release of an update to their premium pricing tool, RateStar.
This next generation of Arch MI’s RateStar user portal delivers a streamlined customer experience with express quotes and options to fully customize quotes. RateStar launched 10 years ago as a dynamic tool that could evaluate individual loan risk precisely. RateStar is also the only MI pricing tool that currently has an MI buydown feature. RateStar Buydown allows loan officers to customize a unique MI premium payment for each borrower, leveraging all lender and seller credits.
“RateStar continues to evolve as we apply our decade of expertise and customer feedback,” said Michael Schmeiser, Arch MI’s President and CEO. “RateStar transformed the way lenders selected coverage, delivering our most competitive rates for each loan, and RateStar Buydown made it possible for them to tailor MI premiums according to individual borrower…
