![]() Ask your Arch MI Account Manager if you’d like to connect with me for a conversation. Learn about the RateStar Buydown option on Arch MIs Premium Plans and the debt-to-income (DTI) ratio limit for insuring loans with Arch MI. Nationally, the median rent for two-bedroom apartments was 1,948 in August 26.4 higher than in 2019, according to ’s Rent Report. If you’re shopping for a new loan origination system, I’m happy to share what I’ve learned working with customers and the industry’s loan origination system vendors for 25 years. Competitive MI pricing with RateStar ® and customized premium payments with RateStar Buydown. These factors are important for mortgage leaders to be on the cutting edge in 2024. ➡️ The value of hiring a knowledgeable consultant to bring structure to your selection and implementation processes and assist with LOS acceptance testing. And why temporarily assigning one of your team members to the LOS implementation team full-time will accelerate the project and help to avoid re-work. ➡️ Best practices for conducting a request for proposal, vendor demos, due diligence, contracting and implementation. Is it to reduce costs and improve efficiency or transform your customer experience? Map this out. ➡️ The importance of defining WHY you want a new system. Focus on the total price of the system over the length of the contract, and look for automation, scalability and a strong vendor reputation with a proven track record. Our fully customizable rate quote option provides more precise MI pricing. ➡️ Key considerations for selecting a new system. RateStar was the industry’s first risk-based premium pricing tool and has since become the preferred choice of credit unions, offering a streamlined portal, updated features and powerful capabilities: Our express quote requires minimal data entry for an instant response. Vendors are busy with strong interest from lenders looking for new loan origination systems. If you missed it, here’s a recap of some of the topics we covered: I recently had the opportunity to join Arleen Scavone of Newbold Advisors, LLC at CUNA Lending Council in our breakout session, “What to Consider Before Executing an LOS Agreement.” In addition, the administrator can oversee activity and billing from all users, generate a single billing report, and set up ACH payment.Hi there, I’m Will Vickers, Arch MI’s VP of Industry Technology, and I’m taking over Arch MI’s LinkedIn account today! He can standardize the content on each of their Zip user websites to ensure consistency and compliance with company policies. With this update, banks, credit unions, and non-bank lenders can designate a chief administrator, who has complete control to oversee, manage and standardize all of the company’s individual user accounts with ease. How do you save the deal Use RateStar Buydown to offer a lower monthly payment overall. RateStar provides a streamlined, uncluttered customer experience with design enhancements based on lender preferences.”Ĭalyx Software has enhanced Zip, a point-of-sale platform, to provide larger organizations with greater control and transparency over individual user profiles. Maybe your rate isn’t the most competitive. Realistic Disaster Scenario sets parameters for risk. Users have a full range of MI pricing options to choose from. Arch MI RateStar risk-based pricing approach constructs risk portfolios. “RateStar offers an express rate quote option that returns rate quotes faster and requires far fewer fields. Arch MI mobile provides customers with innovative mobile features related to Mortgage Insurance. “RateStar continues to evolve as we apply our decade of expertise and customer feedback,” said Michael Schmeiser, Arch MI’s President and CEO. ![]() The portal is available on through most loan origination systems and pricing engines, as well as through Arch MI’s origination platform, CONNECT, and its downloadable mobile app. RateStar offers a mortgage insurance buydown feature, and its buydown feature allows loan officers to customize a mortgage insurance premium payment for each borrower. ![]() RateStar was launched 10-years ago as a tool that could evaluate individual loan risk with more precision than any rate sheet. Arch Mortgage Insurance Company has updated their premium pricing tool, RateStar, to provide express quotes and customized pricing options through a portal. Differentiate your business and complete successfully for originations with Arch MI RateStar, our dynamic risk-based rates program that more precisely matches. RateStar is the leading risk-based MI pricing solution, ensuring you receive our most competitive rates for your borrowers loan.
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