ABA Endorses Arch Mortgage Insurance PMI Products
WASHINGTON, D.C. – September 22, 2015 – (RealEstateRama) — The American Bankers Association – through its subsidiary the Corporation for American Banking – has endorsed the mortgage insurance solutions of Arch Mortgage Insurance Company?, a leading provider of private mortgage insurance and a wholly-owned subsidiary of Arch Capital Group Ltd.
Selecting Arch MI for this exclusive endorsement follows a comprehensive due-diligence process, as well as a rigorous review by industry experts and field-testing by bankers to meet stringent customer-service standards. To earn the endorsement, Arch MI was required to meet ABA’s quality standards and satisfy key criteria, including financial soundness, management strength, training and support and customer service.
“We are gratified to have Arch MI’s mortgage insurance solutions endorsed by the American Bankers Association. The ABA represents many of Arch MI’s customers including small, regional and large banks that provide mortgages to communities across the nation,” said David Gansberg, president and CEO of Arch MI. “Arch MI is ideally suited to provide a full array of mortgage insurance solutions to ABA member banks through Arch Mortgage Insurance Company, for mortgage loans sold to Fannie Mae or Freddie Mac, or through Arch Mortgage Guaranty Company, for mortgage loans that banks intend to retain in their portfolios.”
“Arch MI’s mortgage insurance solutions help our member banks—of every size and type—provide residential mortgages to their borrowers,” said Christine Walika, executive vice president of the ABA Community Bank Group and Corporation for American Banking. “The ABA endorsement signifies our confidence that our members can rely upon Arch MI for top quality performance and reliable results.”
About American Bankers Association
The American Bankers Association is the voice of the nation’s $16 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $12 trillion in deposits and extend more than $8 trillion in loans.
About Arch Mortgage Insurance
Arch Capital Group Ltd.’s U.S. mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk. Headquartered in Walnut Creek, CA, Arch MI’s mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers. Arch Mortgage Insurance Company, is licensed to write mortgage insurance in all 50 states, the District of Columbia and Puerto Rico. For more information, please visit archmi.com
ABA Media Contact: John Hall
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Arch MI Media Contact: Bill Horning