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January 2024 » thefivestar.com 27 January 2024 I N D U S T R Y U P D A T E gives us additional reinsurance capac- ity from a broad panel of highly rated reinsurers on attractive terms," said Rohit Gupta, President and CEO of Enact. "This transaction further diversifies our sources of capital, improves the risk profile of our new insurance written, and furthers our ability to pursue high-qual- ity new business. We appreciate the confidence and support shown by our reinsurance partners as we continue in our mission to responsibly help more people become homeowners." GUILD MORTGAGE LISTS FIRST TWO 'MAKING PARADISE HOME' INITIATIVE HOUSES AVAILABLE FOR PURCHASE G uild Mortgage, a mortgage lending company originating and servicing residential loans since 1960, announced the first two homes from its "Making Paradise Home" Initiative are completed and listed for sale. The affordable, sustainable man- ufactured homes are available for sale in Paradise, California, the community hardest hit by the deadliest and most destructive wildfire in the state's history. In January 2023, Guild announced its Making Paradise Home Initiative in partnership with Clayton Homes, Gold- en West Homes of Chico, and Redline Installation to build four CrossMod Homes to help educate residents about the benefits of manufactured housing, while helping to rebuild the community. Since the initiative's launch, two homes have now been listed and are available for sale. Both brand-new Cross- Mod homes boast beautiful curb appeal, high-end quality, and energy efficiency throughout. Through the Making Paradise Home Initiative, Guild will sell the homes to aspiring homeowners and qualified borrowers. The initiative's third home is nearing completion and additional homes are planned to be built over the next year. At least one of the initiative's CrossMod homes will remain open for educational tours. "Making Paradise Home is about more than just disaster recovery, we're working to close the homeownership gap by making homeownership more attainable and accessible," said David Battany, EVP of Capital Markets. "While we're using this initiative to help rebuild a community devastated by fire and to ensure Paradise residents can settle down and feel at home again, we will contin- ue to educate and promote affordable homeownership not just in Paradise, but from coast to coast." A CrossMod home is a new classifica- tion of a HUD-code manufactured home. CrossMods offer the affordability of a tradi- tional manufactured home but are built to higher standards and come with the style and array of amenities found in a tradition- al site-built home. CrossMod homes have the same or better curb appeal as site-built homes and are energy efficient. NCINO AND SALESFORCE EXPAND STRATEGIC PARTNERSHIP TO MODERNIZE FINANCIAL SERVICES INDUSTRY n Cino, Inc., which has a stake in cloud banking for the global financial services industry, has announced an expanded partnership with Salesforce to accelerate the delivery of cloud solutions to the financial ser- vices industry. This builds on nCino and Salesforce's long-standing collaboration, established in 2011, to empower financial institutions with digital innovations that increase efficiency and transparency, and to reduce risks while driving customer growth and loyalty. "Making Paradise Home is about more than just disaster recovery, we're working to close the homeownership gap by making homeownership more attainable and accessible." —David Battany, EVP of Capital Markets, Guild Mortgage