Essent Guaranty to Launch New Platform with Fully Integrated Pricing Engine

Essent Guaranty Inc., a nationwide provider of mortgage insurance (MI) and a subsidiary of Essent Group Ltd., is launching EssentEDGE, a new platform supporting a fully integrated pricing engine.

EssentEDGE provides the capability to price more attributes at the loan level, unlike the current rate card pricing structure which is generally based on broad FICO and LTV ranges.

“EssentEDGE aligns with our lender customers’ increasing focus on enhancing their front end and best execution technologies,” says Mark Casale, chairman and CEO of Essent Guaranty, in a release. “Additionally, as managers of long-tail mortgage credit risk, EssentEDGE is another tool that enables us to shape our portfolio to our desired risk and return profile.”

EssentEDGE is available to customers via Essent’s Rate Finder and through most industry pricing engines and loan origination system interfaces. The timing and extent of EssentEDGE pricing availability may be subject to pending regulatory approval in some states. Essent’s current rate card pricing structure is available and will be applied to coverage where EssentEDGE pricing is not yet available.

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