Insurance Technology Featured Article

Optimal Blue partners with Arch Mortgage Insurance Company

August 29, 2014

Optimal Blue, a cloud-based provider of managed-content, product eligibility and pricing (PPE), secondary marketing, point-of-sale and compliance technology and services for the mortgage industry, recently announced a partnership with Arch Mortgage Insurance Company.  

Arch MI is a provider of private mortgage insurance. Headquartered in Walnut Creek, CA (News - Alert), Arch MI's mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers. A wholly owned subsidiary of Arch Capital Group Ltd., Arch MI is licensed to write mortgage insurance in all 50 states, the District of Columbia and Puerto Rico.

According to the terms of the agreement, Optimal Blue will now provide Arch MI's competitive pricing and Rate Quote workflow within its eligibility and pricing services. Arch MI customers using Optimal Blue's services can now request for Arch MI's mortgage insurance premium rates for up to five loan products.

"Arch MI's integration with Optimal Blue reflects another important step in our commitment to meet customers' needs," said David Gansberg, chief executive officer of Arch MI. "Our partnership with Optimal Blue will reduce turnaround times for lenders, boost their efficiency and drive their business growth. Optimal Blue's technology platform represents an important innovation in mortgage industry technology and creates new standards for productivity."

In related news, Arch Mortgage Insurance Company recently announced the introduction of its new First Lien Master Policy, which includes Arch MI's new Plus Program. Arch MI's new Master Policy sets a new standard for flexibility by offering both 12- and 36-month rescission relief options. Arch MI's new Master Policy, which will become effective on October 1, 2014, also includes industry-leading streamlined procedures and claim settlement timelines and other improvements.

Arch MI's enhanced Master Policy includes two significant new options for rescission relief: a baseline policy with 36-month rescission relief and the new Plus Program option with 12-month rescission relief.




Edited by Stefania Viscusi

Article comments powered by Disqus

Related Insurance Technology Articles

Mercury Insurance Selects OnBase for Process Automation and Paperless Workflow

One of the greatest benefits of digital technology is it allows businesses to eliminate processes and methodologies that in the past slowed growth and made up a considerable percentage of the overall operational cost of the organization. While paper has served civilization very well, and still continues to do so to this day, for large organizations it is a technology that can be described as slowing down the workflow of a company to a tortoise pace compared to digital solutions. [ Read More ]
10/30/2014

Insurance Industry Focusing More on Customer Satisfaction

Like any other industry, customer satisfaction matters a great deal in the insurance sector. Various studies conducted have proven beyond any doubt that a satisfied customer is the best advertisement for an insurance company. [ Read More ]
10/29/2014

Parents Choose Doctors for Children Based on Online Ratings

New research recently published in the Pediatrics journal shows that the online reputation of a healthcare provider may be just as important or even more so as its real-life one. [ Read More ]
10/28/2014

Auto Insurance Telematics Poised for Explosive Growth

Smart cars are getting smarter and have become foundational elements of our increasingly connected world. The data they generate pertaining to things like driver habits, the car condition and adherence to maintenance best practices, where the car is driven, where it calls home, etc. are all critical in determining insurance premiums. In fact, they are what will enable insurers the ability to reward customers who are good drivers and good owners while charging higher rates for those who are less … [ Read More ]
10/23/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!