Essent Guaranty Inc. and LoanSifter has announced that lenders now have access to Essent mortgage insurance (MI) eligibility and rate quotes through LoanSifter’s MI Best Execution Pricing Platform. Beginning immediately, all LoanSifter users can seamlessly provide borrowers with more mortgage insurance comparisons and estimates than ever before, thus streamlining the mortgage process and saving lenders and borrowers valuable time, money and effort.
LoanSifter's MI Best Execution Pricing Platform is automatically triggered when a loan scenario exceeds 80 percent loan-to-value ratio. Users will be able to check Essent's MI programs without leaving the LoanSifter platform, which also provides loan eligibility and pricing from over 160 investors.
“We are pleased to partner with LoanSifter, a recognized industry leader with one of the largest repositories of investor and mortgage insurance pricing and eligibility data,” said Jeff Cashmer, chief business officer for Essent Guaranty. “Through LoanSifter, lenders will now have transparent and rapid access to Essent’s mortgage insurance pricing and eligibility, providing for a smooth origination process and a positive borrower experience.”
“Having Essent join our MI Best Execution Platform marks a significant milestone in presenting our clients with the most comprehensive pricing and eligibility solutions in the marketplace," said Bruce Backer, LoanSifter’s president. "An increasing number of LoanSifter lenders have been seeking access to Essent’s pricing and products. We couldn’t be more thrilled about this partnership with Essent.”