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November 2023 » thefivestar.com 5 November 2023 M T E C H ESSENT ANNOUNCES INTEGRATION WITH MORTGAGE CADENCE'S LOAN FULFILLMENT CENTER E ssent Guaranty, Inc., a nationwide provider of mortgage insurance (MI) and a subsidiary of Es- sent Group Ltd. announced they have integrated with Mortgage Cadence's Loan Fulfillment Center (LFC). "We are pleased to expand our integration with Mortgage Cadence to now provide mutual customers access to Essent's products and services through their LFC platform," said Kendra Placek, VP of Customer Experience and Innova- tion at Essent. "We are dedicated to pro- viding streamlined access to our product offerings for customers and to working with mortgage technology providers focused on enabling a great mortgage experience for the borrower." The flexibility of this cloud-based LFC platform from Mortgage Cadence gives customers a streamlined view of available MI services with direct and real-time access to mortgage insurance rate and eligibility evaluations, whether quoting or ordering, leveraging Essent's proprietary pricing engine, EssentEDGE®. "We are thrilled to announce the availability of Essent MI on the LFC platform with our 23.1 release. Essent is a valued partner who prioritizes the ability to order mortgage insurance in an efficient process while mitigating risk for our clients," says Jim Rosen, EVP of Services at Mortgage Cadence. NATIONAL MI PARTNERS WITH TRUE TO ADVANCE DIGITAL MORTGAGE ECOSYSTEM N ational Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc., has partnered with TRUE, a lending intelligence company, to streamline oper- ational capabilities and expand home- ownership opportunities by unleashing the power of AI-driven automation. The partnership combines National MI's private mortgage insurance platform that facilitates homeownership oppor- tunities for borrowers who need down payment support with TRUE's Data In- telligence product and AI-powered doc- ument and data processing capabilities. By integrating TRUE's AI technology into its digital mortgage ecosystem, National MI expects to reduce its document and data processing times while dramatically accelerating loan decision timelines. The collaboration comes at a time when higher interest rates and low inventories have pushed many would-be homebuyers out of the housing market. At the same time, lenders are experi- encing a surge in operational costs and mortgage insurers are under pressure to provide loan decisions in near real-time. By working together, National MI and TRUE aim to provide critical relief to all three groups by delivering seamless, faster loan responses while reducing the burden and cost of manual reviews and increasing data quality. "Our partnership with TRUE marks yet another step forward in our tech- nological innovation journey," said Mohammad Yousaf, EVP, Operations and Information Technology at National MI. "By combining the digital engage- ment and connectivity of our platform with AI-driven document processing au- tomation, we will be able to provide even faster loan decisions, reduce operational costs, and ultimately create broader ac- cess to homeownership. We look forward to a long and fruitful relationship." "We have been on a mission from day one to help more people experience the stability and security of homeownership," said Ari Gross, CEO and Co-Founder of TRUE. "Working together with National MI to help lenders make informed lending decisions by harnessing the power of AI is an important step toward our goal. We are not only providing the latest lending de- cision technology; we are helping to fulfill the American Dream of homeownership more efficiently." INCENTER INSURANCE SOLUTIONS LAUNCHES NEW WARRANTY PROTECTION PLANS I ncenter Insurance Solutions, a na- tional insurance agency with dozens of carrier relationships, announced the launch of a full suite of premium war- ranty protection plans. The new service enables mortgage lenders, banks, credit unions, and car dealerships to add value to their customer relationships by offering extended warranty coverage on big-ticket home appliances and systems, residential real estate investments, and vehicles. "Our clients are always asking us for ways to build customer loyalty in an extremely price-driven business. Additionally, customers who purchase a warranty are more likely to recommend you to their friends and family. That's especially important in sectors like lending and automotive sales, where customers are constantly being barraged with competitive offers," Craig Eagleson, President, said. With Incenter Insurance Solutions' warranty services, mortgage providers can provide their homeowners with plans to activate fast repairs and/or re- placement of any major appliance break- down like refrigerators, ovens, washers and dryers, or, on any major operating system like HVAC, furnaces, electrical, or water heaters. Auto dealers can offer their customers coverage on big-ticket items like transmissions, engines, HVAC systems, and electrical work. (Note: actual coverage will vary based on what option is chosen). The warranty services complement Incenter Insurance Solutions' property and casualty insurance options, which are also available through lenders and auto dealerships. Furthermore, companies can enjoy other benefits when working with Incenter Insurance Solutions including the fact that: » The company's extensive carrier rela-