February 2016 - The Industry's Best Kept Secret

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34 | TH E M R EP O RT Special Advertorial Section INSURANCE COMPANY GUIDE CORPORATE PROFILE Essent is an established and growing mortgage in- surer and a vital partner to lenders, offering private mortgage insurance (MI) to assist homebuyers in meeting the minimum down payment required to obtain a home loan. Essent provides lenders with simple solutions to close more loans. The company takes a holistic approach, focusing on ease of use, fast underwrit - ing turn times, customer training, competitive pric- ing and products, rigorous risk analysis and fair and transparent claims-paying practices. Lenders are also attracted to the company's strong capital and clean balance sheet. COMPANY HISTORY Essent was founded in 2008 with the mission to bring a mortgage insurer with strong capital, a clean balance sheet, exceptional customer service and a robust claims-paying ability to the mortgage industry. Essent wrote its first policy in 2010. In 2013, Essent's parent company, Essent Group Ltd. (ESNT), successfully completed its initial public offering (IPO). Today, Essent is a leader in the MI industry and the MI of choice for many lenders, loan officers, and underwriters. REGULATORY COMPLIANCE With strong capital levels and exceptional port- folio quality, Essent is well-positioned to serve the growing demand for private MI under the new Private Mortgage Insurance Eligibility Requirements (PMIERS). BUSINESS LINES, SERVICES, AND PRODUCTS Essent offers competitive pricing and a wide range of sustainable loan programs such as: • Borrower-paid MI (BPMI) and lender-paid MI (LPMI) • Agency and nonagency jumbo loans • Affordable housing/HFA programs • Depository products, including: doctor/profes - sional loans and the EssentPATH pledged asset program GEOGRAPHICAL SCOPE AND COVERAGE AREA Essent is approved by Fannie Mae and Freddie Mac, and is licensed in all 50 states and the District of Columbia. KEY FEATURES/BENEFITS Strong Foundation (data as of 9/30/15) • 1,200+ master policy relationships • $62.1 billion insurance-in-force • $1 billion ESNT consolidated GAAP equity Straightforward Coverage • Master policy with rescission relief in as soon as 12 months • Enhanced Clarity of Coverage ® promise to re- duce exposure to claims being unfairly denied • Clarity of Servicing pledge to claims servicing that is clear, objective, and reliable Best-in-Class Customer Service • Underwriting decisions in eight hours or less • Timely feedback on credit performance • Seamless integration with established industry LOS platforms Simplified Online Access • Instant rate quotes with eligibility • Streamlined MI ordering • FHA comparison tools COMPETITIVE ADVANTAGE A strong capital position and investment-grade ratings underscore the depth of Essent's financial strength and claims-paying resources. Focused on managing risk and dedicated to serving as a strong counterparty, Essent is a partner that lend - ers can rely on now and for years to come. ADDED VALUE TO BUSINESS PARTNERS Essent focuses on providing solutions. The com- pany's collaborative approach and commitment to building long-term relationships with lending partners resonates with customers seeking mort- gage insurance. Essent also strives to continually provide value for clients through programs such as Clear2Close ® , which fast tracks qualified loans for approval, and Essentials Training, which provides industry-recognized education for mortgage industry professionals. AWARDS & ACCOLADES Essent's founder and CEO, Mark A. Casale, was awarded the 2014 EY Entrepreneur of the Year TM National Award in Financial Services by Ernst & Young in recognition of his entrepreneurial spirit and leadership. In 2016, Casale was also named the St. Joseph's University, Haub School of Business, Hall of Fame Award winner. KEY PERSONNEL Mark A. Casale Chairman, President & CEO Jeff Cashmer SVP & CBO Bill Kaiser SVP & COO Ted Gray SVP & CIO CONTACT INFORMATION Two Radnor Corporate Center 100 Matsonford Road Radnor, PA 19087 Phone: 844.415.8212 Email: Web:

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