Arch MI, the private mortgage insurance subsidiary of Arch Capital, has entered into a partnership with multi-platform technology company BeSmartee.
The partnership will see Arch MI’s RateStar risk-based pricing solution integrated with the BeSmartee POS (point of sale) mortgage origination platform.
It’s hoped this integration will provide productive workflow continuity and modernise the lending process whilst improving borrower experience.
“The ability to quote MI rates quickly and accurately is an important element to delivering speed and efficiency during the borrower application process,” said BeSmartee co-founder Arvin Sahakian.
“This integration ensures that the MI fees BeSmartee autopopulates in the initial disclosure stack viewed and eSigned by borrowers within the BeSmartee POS are highly accurate. We are pleased to see our relationship with Arch MI growing stronger.”
Carl Tyree, Arch MI’s Executive Vice President and Chief Sales Officer, added, “We are glad to announce our successful partnership with BeSmartee.”
“This integration will help scale up origination opportunities for lenders by attracting and qualifying more borrowers with competitive rates in real time to reduce costs and speed closings.”