Arch MI Now Integrated with Mortgage Coach

Christine Press Release

Integration Allows Easy Comparison of Multiple Mortgage Options with MI to Better Advise Borrowers

November 30, 2020 12:30 PM Eastern Standard Time

GREENSBORO, N.C.–(BUSINESS WIRE)–Mortgage Coach, developer of the Total Cost Analysis (TCA) presentation designed to improve mortgage borrower conversions, has completed an integration with Arch Mortgage Insurance Company (Arch MI), a leading provider of private mortgage insurance (MI) and a wholly owned subsidiary of Arch Capital Group Ltd.

Mortgage lenders use the Mortgage Coach platform to compare and share loan options with borrowers through an interactive TCA presentation. The addition of Arch MI RateStar® on-demand pricing enables loan officers (LOs) to quickly and accurately educate borrowers on the impacts that MI has on closing costs, monthly principal and interest payments and total payments over the life of the loan.

LOs can easily request current Arch MI quotes through Mortgage Coach for loan scenarios and side-by-side cost comparisons of options like monthly and single-premium MI.

“Mortgage insurance makes homeownership possible for many people,” said Bruce Dickinson, Senior Vice President of Mortgage Lending at First Tech Federal Credit Union. “Our annual need for loans requiring mortgage insurance is expanding as home affordability continues to be a challenge for our members. This innovation will help more of our members better understand how mortgage insurance can be part of their home loan strategy, which is valuable in every market we serve.”

“The addition of instant Arch MI quotes clearly enhances originators’ presentations using Mortgage Coach technology that today’s homebuyers are comfortable with,” said Will Vickers, Arch MI’s Vice President of Industry Technology. “Borrowers will be able to make more informed choices when they use a TCA and review scenarios for loans with mortgage insurance competitively priced by RateStar℠, the industry’s first risk-based MI premium pricing tool.”

The Mortgage Coach Arch MI integration is now available to any lender with access to Mortgage Coach Enterprise Edition and an active Arch MI master policy.


About Arch MI 
Arch Capital Group Ltd.’s U.S. mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk. Headquartered in Greensboro, North Carolina, Arch MI's mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers. Arch MI’s flagship mortgage insurer, Arch Mortgage Insurance Company, is licensed to write mortgage insurance in all 50 states, the District of Columbia and Puerto Rico. For more information, visit archmi.com.

About Mortgage Coach 
The Mortgage Coach suite of enterprise online and mobile applications enhances the conversation between the borrower, mortgage professional and Realtor®, enabling a confident mortgage decision. Thousands of banks and lenders rely on Mortgage Coach to turn borrower education into a competitive advantage. With Mortgage Coach technology, financial and real estate professionals provide clearly illustrated mortgage options with detailed financials, charts, video narration and live updates on any device, ensuring an informed home loan choice. Learn more about how to add the power of Mortgage Coach to your lending platform by visiting mortgagecoach.com/archmi.

Source: Arch Capital Group Ltd. 
arch-mortgage

ARCH MORTGAGE INSURANCE COMPANY | 230 NORTH ELM STREET GREENSBORO NC 27401 | ARCHMI.COM 
MCUS-B1410-1020

© 2020 Arch Mortgage Insurance Company. All Rights Reserved. Arch MI is a marketing term for Arch Mortgage Insurance Company and United Guaranty Residential Insurance Company. Arch MI RateStar is a registered mark and RateStar is a service mark of Arch Capital Group (U.S.) Inc. or its affiliates. Realtor is a registered mark of the National Association of REALTORS.


Contacts

Arch Capital Services 
Greg Hare, 336-333-0416 
ghare@archcapservices.com

Mortgage Coach 
Kelli Hodges, 214-453-6694 
kelli@mortgagecoach.com

MGIC Integrates with Mortgage Coach on online borrower conversion platform

Christine Press Release

MILWAUKEE, Nov. 18, 2020 /PRNewswire/ — Mortgage Guaranty Insurance Corporation (MGIC) (NYSE: MTG) and Mortgage Coach, an industry-leading loan officer presentation solution, jointly announced today the availability of MGIC's mortgage insurance quotes through the Mortgage Coach home loan strategy and virtual presentation platform.

Through this technology integration in Mortgage Coach, loan originators can now include live MGIC rate quotes in their loan scenarios without leaving the platform. This automation brings real time mortgage insurance quotes to the Mortgage Coach platform, improving the borrower's experience by optimizing pricing speed and accuracy.

“We are pleased to partner with Mortgage Coach to provide access to MGIC mortgage insurance rates,” said Margaret Crowley, MGIC VP Marketing and Customer Experience. “The best customer service is fast and reliable; this integration will ensure quick and accurate mortgage insurance quotes for loan officers and their borrowers.”

“More than twenty percent of our loans have mortgage insurance, translating to thousands of units per year,” said Paul Anastos, Chief Innovation Officer at Guaranteed Rate, Inc. “Clearly communicating MI benefits early in the borrower conversation is a significant competitive advantage for our team. Having our specific MI quote available instantly within Mortgage Coach saves time on every presentation, a crucial value for every professional today.” 

The Mortgage Coach MGIC integration is now available to any lender with access to Mortgage Coach Enterprise Edition and an active MGIC Policy account.  


About MGIC 

Mortgage Guaranty Insurance Corporation “MGIC” (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality. From time to time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC's website for information related to underwriting and pricing and intends to continue to do so in the future. Such postings include corrections of previous disclosures and may be made without any other disclosure. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information for MGIC Investment Corporation alerts can be found at https://mtg.mgic.com/shareholder-services/email-alerts. For information about our underwriting and rates, see https://www.mgic.com/underwriting.

About Mortgage Coach

The Mortgage Coach suite of enterprise online and mobile applications enhance the conversation between the borrower, mortgage professional, and Realtor, enabling a confident mortgage decision. Thousands of banks and lenders rely on Mortgage Coach to turn borrower education into a competitive advantage. With Mortgage Coach technology, financial and real estate professionals provide clearly illustrated mortgage options with detailed financials, charts, video narration, and live updates on any device, ensuring an informed home loan choice. Learn more about how to add the power of Mortgage Coach to your lending platform by visiting https://mortgagecoach.com/mgic

SOURCE Mortgage Guaranty Insurance Corporation

https://www.prnewswire.com/news-releases/mgic-integrates-with-mortgage-coach-on-online-borrower-conversion-platform-301176573.html

SimpleNexus and Mortgage Coach expand integration with real-time data syncing for instant analysis of lifetime loan costs

Christine Press Release

Combined solution is helping lenders like Union Home Mortgage increase pipeline conversion and deliver a superior borrower experience

LEHI, Utah, June 16, 2020 (SEND2PRESS NEWSWIRE) — SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, has expanded its integration with Mortgage Coach (https://mortgagecoach.com), making it easier than ever for loan originators to give borrowers the clear, accurate comparison of loan products and scenarios needed to make informed mortgage decisions.

With the integration of SimpleNexus and the Mortgage Coach Total Cost Analysis (TCA), every borrower who applies for a mortgage loan using the SimpleNexus digital mortgage app immediately receives a TCA. A recent update to the integration enhances the borrower experience by updating key loan information in real time and enabling loan professionals to incorporate video narration into TCAs from within the SimpleNexus app. As applicants progress through the origination process, the accurate analysis adjusts instantly, allowing loan professionals to provide clear advice faster and measurably convert more leads into loans.

Loan originators at Strongsville, Ohio-based Union Home Mortgage have seen faster commitments and more complete loan applications with the combined solution, having delivered 20,000 personalized Mortgage Coach TCA presentations in the last 90 days alone with the new automation.

“Originators need to give people options, but creating manual comparisons for every loan applicant is impractical,” said Union Home CIO Mark Langhans. “We love the way Mortgage Coach frames up cost analysis in an easy-to-consume format that originators can walk borrowers through in minutes — and the integration with SimpleNexus makes it even easier for us to leverage this powerful strategy. Even more telling than the number of presentations delivered is the number of borrower views and shares those TCAs have received.”

“What’s special about this integration is that it starts a conversation that frequently brings a close to the borrower’s rate shopping,” said SimpleNexus CEO Matt Hansen. “It’s all about building trust, re-engaging and ultimately converting customers who have started a loan application but might not otherwise finish it.”

“Lenders serve borrowers best — and simultaneously enjoy the highest profitability — when they put a wide array of loan products, services and scenarios in front of every applicable customer,” explained Mortgage Coach President Joe Puthur. “The Mortgage Coach Total Cost Analysis helps lenders make financing available to more borrowers while addressing key compliance concerns, reducing pricing exceptions and closing more deals — all with the personalized touch that is critical to brand consistency.”

The new innovation, announced today, makes easy-to-understand loan comparisons available for every borrower. Together, Mortgage Coach and SimpleNexus help loan originators position themselves as trusted financial advisors in any client situation. For example, the dynamic TCA helps borrowers understand the impacts of renting versus owning, buying now versus waiting or adjusting the size of their down payment. The now fully integrated experience supports any mortgage scenario, resulting in faster borrower conversion, increased production and enhanced profitability.


About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company’s best-in-class, easy-to-use app connects loan officers to their borrowers and real estate agents to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing and send pre-approvals — all on the go.

About Mortgage Coach:

The Mortgage Coach suite of enterprise online and mobile applications enhance the conversation between the borrower, mortgage professional, and Realtor, enabling a confident mortgage decision. Thousands of banks and lenders rely on Mortgage Coach to turn borrower education into a competitive advantage. With Mortgage Coach technology, financial and real estate professionals provide clearly illustrated mortgage options with detailed financials, charts, video narration, and live updates on any device, ensuring an informed home loan choice. Learn more about how to add the power of Mortgage Coach to your lending platform by visiting https://mortgagecoach.com or contacting sales@mortgagecoach.com.

Twitter: @SimpleNexus @MortgageCoach #digitalmortgage

News Source: SimpleNexus

Homebot Now Integrated with Mortgage Coach Total Cost Analysis for Lenders of All Sizes

Christine Press Release

Lenders using both Homebot and Mortgage Coach can now integrate these solutions to streamline their refinance strategy.

DENVER, June 9, 2020 /PRNewswire/ — Homebot, provider of the award-winning client-for-life portal that empowers consumers to build wealth through homeownership, has now completed an integration with Mortgage Coach, an enterprise platform designed to improve mortgage borrower understanding of available loan options, helping more borrowers build wealth through homeownership.

The Homebot refinance experience helps homeowners explore various refinance mortgage options. With the integration of the Mortgage Coach Total Cost Analysis (TCA), loan officers are able to add detailed explanations of each loan option, tailoring the refinance scenarios and uncovering potential purchase opportunities for each homeowner. Together, these solutions offer homeowners a robust refinance experience and facilitate meaningful engagement with their loan officer.  

“We have already provided approximately 200 unique Total Cost Analysis experiences through the integration,” said Gemma Currier, SVP, Retail Sales Operations at Guild Mortgage. “Since our past customers are initiating the experience through Homebot, we've been able to provide valuable advice quickly and collaborate with customers instantly to select the best home loan option for their needs. The TCA and video communication functions have enabled us to provide that personalized experience we strive for with every connection, especially when meeting in person can be challenging in today's market.” 

When lenders activate this new integration, their clients can proactively request a TCA from within Homebot. The loan officer is notified immediately and the TCA is generated instantly, saving them valuable time. With this integration, lenders are able to quickly identify and convert clients that are ready for a transaction. 

“Our team knows that prospects who receive a Mortgage Coach Total Cost Analysis commit faster,” said Chad Baker, Regional Manager at CrossCountry Mortgage. “Homebot being able to present a complete and dynamic TCA presentation instantly on my behalf, using intelligence the platform already knows about each past client, provides yet another advantage to my client nurture program.” 

“We're thrilled about the value this integration is bringing to our lender customers and to their clients,” said Ernie Graham, CEO of Homebot. “Together, Homebot and Mortgage Coach are helping lenders streamline their refi strategy while providing their clients with the knowledge and resources they need to build wealth through homeownership.” 

The Homebot-Mortgage Coach integration is supported on Mortgage Coach Broker and Enterprise Editions and is available now. 


About Mortgage Coach
The Mortgage Coach suite of enterprise online and mobile applications enhance the conversation between the borrower, mortgage professional, and Realtor, enabling a confident mortgage decision. Thousands of banks and lenders rely on Mortgage Coach to turn borrower education into a competitive advantage. With Mortgage Coach technology, financial and real estate professionals provide clearly illustrated mortgage options with detailed financials, charts, video narration, and live updates on any device, ensuring an informed home loan choice. Learn more about how to add the power of Mortgage Coach to your lending platform by visiting https://mortgagecoach.com or contacting sales@mortgagecoach.com.

About Homebot 
Founded in 2015, Homebot empowers millions of consumers to build wealth through homeownership with an award-winning financial dashboard provided by their loan officer or real estate agent. This personalized dashboard gives homeowners and buyers multiple financial scenarios to build wealth. Lenders and real estate agents leverage Homebot to maximize their repeat and referral business while building client-for-life relationships. With an average 50% monthly engagement rate, Homebot ensures lenders and agents remain the trusted advisor consumers rely on to make informed decisions about the largest asset they may ever own; their home. Homebot is based in Denver, Colorado.

HOMEBOT MEDIA CONTACT: 
Michael Lynch 
303-960-8770 
michael@homebot.ai

SOURCE Homebot, Inc.

Related Links

https://homebot.ai/

Mortgage Coach launches the Advice Engine making it faster and easier to create a Total Cost Analysis.

Christine Press Release

Mortgage Coach introduces the next generation platform to create borrower loan advice faster and smarter. It delivers visual loan comparisons in seconds, includes pre-configured strategy templates and supports 20 available integration partners.

Mortgage Coach, digital innovator in mortgage lending, announced today the successful launch of their next-generation borrower conversion platform – the Mortgage Coach Advice Engine. The new experience significantly improves lender productivity by presenting loan options and advice with a proven Total Cost Analysis (TCA) presentation 50% faster.

“Our goal with the new Advice Engine is to create more closed loans for every Mortgage Coach member. Accurate, detailed, and visual loan comparisons can now be delivered in seconds with new pre-configured strategy templates and over 20 available integration partners. The Advice Engine applies instant best practices to any origination workflow, allowing sales conversations to focus on the financial insights needed to earn commitments from every opportunity faster,” stated Joe Puthur, President of Mortgage Coach.

The Mortgage Coach Advice Engine incorporates suggestions from thousands of members including the addition of hundreds of in-product learning lessons, dedicated loan officer assistant logins, one-click access to real-time market insights, and seamless data integrations.

“Today’s mortgage landscape is more competitive than ever. There are non-traditional digital technology providers who have entered the market, requiring all professionals to rapidly improve speed and accuracy when responding to every home loan financing opportunity. With the new Mortgage Coach Advice Engine, local, referral-based loan originators are equipped to provide borrowers with superior advice exceeding demands and expectations,” said Dave Savage, CEO of Mortgage Coach.

Mortgage Coach Enterprise Lenders now have access to the Mortgage Coach Advice Engine. Visit Mortgage Coach at https://mortgagecoach.com/ae to learn how this new innovation enables lenders to present loan options differently and grow profitably.


About Mortgage Coach Mortgage lenders, banks, credit unions, and mortgage brokers rely on Mortgage Coach to turn borrower education into a competitive advantage. The Mortgage Coach advice platform helps mortgage professionals provide clearly illustrated mortgage options with detailed financials, charts, video narration, and live updates on any device, ensuring an informed home loan choice. Learn more about how to add the power of Mortgage Coach to your lending platform by visiting https://mortgagecoach.com or contacting sales@mortgagecoach.com.

Mortgage Coach Total Cost Analysis Now Integrated with ClosingCorp’s SmartFees

Christine Press Release

Seamless Integration Provides Accurate Fees Allowing Loan Officers to Better Advise Potential Borrowers

Mortgage Coach, a provider of enterprise online and mobile applications designed to improve mortgage borrower conversions, has completed an integration with SmartFees® from ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries.

The Mortgage Coach Total Cost Analysis (TCA) is a multi-platform solution that allows loan officers to share and compare purchase and refinance loan options with potential borrowers. ClosingCorp’s SmartFees provides real-time, third-party provider rates and fees from over 20,000 service providers in the ClosingCorp Network. With this integration, hundreds of detailed line item fees will be instantly available in the Mortgage Coach TCA. This will allow loan officers to better educate prospects by providing them with accurate rates and fees for every type of loan option—and ultimately help convert those prospects into customers.

“Historically, fee management has been challenging for the mortgage industry. Lenders that prioritize ease of use and accuracy have had only a select group of elite third-party data providers to choose from,” said Joe Puthur, President of Mortgage Coach. “Today, nearly 50 percent of Mortgage Coach enterprise clients choose to put their trust in ClosingCorp to manage all aspects of these required fees. Using ClosingCorp SmartFees, Mortgage Coach clients can instantly populate all available fees of each specific loan option within any Total Cost Analysis, saving precious time for thousands of our users.”

Finance of America Mortgage, a national, full-service mortgage banker offering a diverse portfolio of home loan products, is currently using the Mortgage Coach TCA and ClosingCorp SmartFees. “Having instant fee information available earlier in the mortgage process, allows our loan officers to provide faster service and detailed insight for any prospect. The Mortgage Coach platform enhanced with ClosingCorp’s data supports our wide array of loan products and fee rules, making everyone more efficient and productive,” said Dan Catinella SVP, Director of Business Technology for Finance of America Mortgage.

“For lenders looking to improve productivity and reduce regulatory risk, having innovative technology in place that delivers greater cost transparency is a necessity. Our integration with the Mortgage Coach TCA provides these benefits instantly,” said Gerardo Caceres, SVP of Operations & Product Management at ClosingCorp. “By populating real-time fee information for every type of loan scenario, together we ensure loan officers can better advise customers and those customers can be confident that they’re making an informed decision.”

As independent lenders, banks, and credit unions diversify their loan products, accuracy and advice have never been more important. Lenders choosing the Mortgage Coach TCA can now use ClosingCorp SmartFees for unparalleled transparency to create an instant competitive advantage.

The Mortgage Coach/ClosingCorp integration is available now. Visit https://mortgagecoach.com/closingcorp to learn more about how this integration allows lenders to leverage instant fee automation to improve borrower conversion.


About Mortgage Coach
The Mortgage Coach suite of enterprise online and mobile applications enhance the conversation between the borrower, mortgage professional, and Realtor, enabling a confident mortgage decision. Thousands of banks and lenders rely on Mortgage Coach to turn borrower education into a competitive advantage. With Mortgage Coach technology, financial and real estate professionals provide clearly illustrated mortgage options with detailed financials, charts, video narration, and live updates on any device, ensuring an informed home loan choice. Learn more about how to add the power of Mortgage Coach to your lending platform by visiting https://mortgagecoach.com or contacting sales@mortgagecoach.com.

About ClosingCorp
Headquartered in San Diego, Calif., ClosingCorp owns and operates the premier source of intelligence for closing costs and service providers in the U.S. residential real estate industry. Through innovative solutions, progressive technologies and strong alliances, the company delivers timely, accurate and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement companies, and real estate professionals. Clients rely on ClosingCorp to help improve efficiencies and mitigate risk. For more information, please visit http://www.closing.com.