TheMReport

4 | TH E M R EP O RT MTECH Custom Made ARCH MI HAS UPGRADED ITS RATESTAR TOOL TO PROVIDE OPTIONS FOR FULLY CUSTOMIZED QUOTES. A rch Mortgage Insurance Company (Arch MI), a provider of private mortgage insurance (MI) and a wholly owned subsidiary of Arch Capital Group Ltd., announced the release of an update to its premium pricing tool, RateStar. This next generation of Arch MI's RateStar user portal delivers a streamlined customer experi- ence with express quotes and options to fully customize quotes. RateStar launched 10 years ago as a dynamic tool that could evaluate individual loan risk precisely. RateStar also has an MI buy - down feature. RateStar Buydown allows loan officers to customize a unique MI premium payment for each borrower, leveraging all lender and seller credits. "RateStar continues to evolve as we apply our decade of exper - tise and customer feedback," said Michael Schmeiser, Arch MI's President and CEO. "RateStar transformed the way lenders selected coverage, delivering our most competitive rates for each loan, and RateStar Buydown made it possible for them to tailor MI premiums according to individual borrower circumstances." Schmeiser said that the lat - est RateStar update will take the portal to the next level. "It offers an express rate quote option that returns rate quotes faster and requires far fewer fields. Users have a full range of MI pricing options to choose from. RateStar provides a streamlined, uncluttered customer experience with design enhancements based on lender preferences." The new RateStar portal has a unique URL, archmiratestar.com (archmicuratestar.com for credit unions). It's also available on most industry loan-origination systems and pricing engines, as well as through Arch MI's origination platform, CONNECT, and its downloadable mobile app. "We'll continue to identify op - portunities to enhance and expand RateStar's capabilities," Schmeiser said. "Fortunately, we have both the in-house expertise and experi - ence to ensure the tool evolves as conditions change. Constant inno- vation makes RateStar relevant to loan officers, who are competing for every loan and need a dynamic MI pricing solution with the flex- ibility and precision to differentiate them in the marketplace." Tech Solutions for Home Equity TAVANT IS PARTNERING WITH EXOS TO SUPPORT ITS FIRST MORTGAGE AND HOME EQUITY LINES OF BUSINESS. E XOS Technologies, a ServiceLink company providing cloud-based digital technologies to the mortgage industry, is partnering with digital technologies and solutions company Tavant to amplify its digital strategy. Through this partnership, Tavant's AI-powered digital lend- ing platform, VELOX—which has processed more than 4 million digital mortgage transactions—is in- tegrating with EXOS Title, EXOS Valuations, and EXOS Close. Tavant will use EXOS to sup- port its first mortgage and home equity lines of business. Tavant VELOX is an AI-powered digital lending platform that incorporates the use of data-driven processes in the automation of the loan-origina - tion lifecycle. "EXOS is an industry platform that enhances the consumer experience through key touch - points that are often overlooked in the digitization of the origination process," said Kiran Vattem, Chief Digital and Technology Officer at ServiceLink. "We're confident that EXOS will be a great addi - tion to Tavant's robust package of products." EXOS offers transparency into the mortgage origination pro - cess through a focus on critical digital consumer touchpoints. The integration of technology and self-serve capabilities has resulted in a reduction in title and appraisal turn times and an increase in op - erational efficiencies and consumer satisfaction. "This partnership rounds out our offerings. It brings together the greatest technologies the mortgage industry has to offer," said Hassan Rashid, Chief Revenue Officer for Tavant. "Scheduling appraisals on the front-end makes it more easily Digital Dealings Here's a roundup of the latest technology and partnerships that are making mortgage lending faster, more efficient, and more cost effective.

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