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Arch MI's New Integration with Ellie Mae's TQL Program Brings Improved Efficiency and Speed to the MI Ordering ProcessArch Mortgage Insurance Company ("Arch MI"), a leading provider of private mortgage insurance (MI) and a wholly owned subsidiary of Arch Capital Group Ltd., today announced the completion of a new Total Quality Loan® (TQL) system integration with Ellie Mae® (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, which will streamline the MI ordering process and improve data accuracy for participating lenders. Arch MI is one of only three MI providers selected to partner with Ellie Mae for its Encompass-MI Service within the TQL system. The new integration means that users will have fast, easy access to RateStar, the industry's leading risk-based pricing solution, and receive Arch MI's most competitive rates for their loans. Lenders that adopt the Encompass-MI Service within TQL will benefit from several new capabilities, including:
In addition, the Encompass-MI Service within TQL enables lenders to monitor material data changes and instantly alert users to re-order rate quotes or MI certificates, reducing delays and boosting volume. "We are proud to partner with Ellie Mae to lead the improvement of the MI ordering process for our mutual customers," said Carl Tyree, Arch MI's Executive Vice President and Chief Sales Officer. "The new Encompass-MI Service in TQL will deliver significant time savings and ensure accurate MI pricing throughout the loan manufacturing process. Eliminating manual steps will increase lender productivity, as will the easy access to RateStar's dynamic, risk-based pricing." "I watched TQL evolve for years, going from somethingthat helps you streamline loan delivery to investors, to a tool that drives efficiency throughout the loan process. Mortgage insurance is a valuable addition to the services available in TQL and we look forward to using it in our operation," said Travis Wallis, Vice President of Lending Operations at Mortgage Express, a lender using the technology.
About Arch Mortgage Insurance Company
About Ellie Mae © 2018 Arch Mortgage Insurance Company. All Rights Reserved. Arch MI is a marketing term for Arch Mortgage Insurance Company and United Guaranty Residential Insurance Company. Ellie Mae, TQL and Encompass are registered marks of Ellie Mae, Inc. RateStar is a service mark of Arch Capital Group (U.S.) Inc. or its affiliates. © 2018 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, Mavent®, Velocify®, the Ellie Mae logo and other trademarks or service marks of Ellie Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners. View source version on businesswire.com: https://www.businesswire.com/news/home/20181114005141/en/ |