Essent Announces Launch of the Next Generation of EssentEDGE®
Expansion of the pricing platform leverages
sophisticated modeling techniques benefiting borrowers.
Essent Guaranty, Inc., a nationwide provider of mortgage
insurance (MI) and a subsidiary of Essent Group Ltd. (NYSE: ESNT),
announced today the launch of the next generation of their
risk-based pricing engine, EssentEDGE, an enhanced platform
uniquely blending proprietary risk metrics and advanced analytics
with more traditional credit factors to offer more refined pricing
to Essent’s lender partners.
“We continue to evolve and enhance EssentEDGE’s technology and
credit analytics in quickly delivering MI pricing based on larger
quantities of data to our customers,” said Mark A. Casale, Chairman
and Chief Executive Officer. “Through cloud-based machine learning,
next generation EssentEDGE is innovating the way we evaluate risk
to deliver MI pricing and expanding access opportunities to
mortgage credit for qualified borrowers.”
The next generation of EssentEDGE is available to Essent’s
lender partners now via their Online Rate Finder tool, as well as
most pricing engines and loan origination system interfaces.
About the Company:
Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding
company (collectively with its subsidiaries, “Essent”) which,
through its wholly-owned subsidiary, Essent Guaranty, Inc., offers
private mortgage insurance for single-family mortgage loans in the
United States. Essent provides private capital to mitigate mortgage
credit risk, allowing lenders to make additional mortgage financing
available to prospective homeowners. Headquartered in Radnor,
Pennsylvania, Essent Guaranty, Inc. is licensed to write mortgage
insurance in all 50 states and the District of Columbia, and is
approved by Fannie Mae and Freddie Mac. Essent also offers
mortgage-related insurance, reinsurance and advisory services
through its Bermuda-based subsidiary, Essent Reinsurance Ltd.
Essent is committed to supporting environmental, social and
governance (“ESG”) initiatives that are relevant to the company and
align with the companywide dedication to responsible corporate
citizenship that positively impacts the community and people
served. Additional information regarding Essent may be found at
www.essentgroup.com and www.essent.us.
Source: Essent Group Ltd.
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