- Arch MI and Wilqo have formed a strategic partnership to integrate Arch MI's RateStar® pricing into Wilqo's Charlie platform.
- This integration aims to streamline the mortgage lending process, providing lenders with seamless access to insurance rate quotes.
- Arch Capital Group Ltd. (ACGL, Financial) continues to enhance its technological offerings, improving efficiencies in the mortgage insurance sector.
Arch Mortgage Insurance Company (Arch MI), recognized for its innovative mortgage insurance solutions, has announced a strategic integration with Wilqo's Charlie platform. This development is set to revolutionize the mortgage lending landscape by incorporating Arch MI's RateStar® pricing directly into the platform, thereby optimizing the efficiency of accessing insurance rate quotes for lenders.
Will Vickers, Vice President of Industry Technology at Arch MI, highlighted the significance of this collaboration, stating, "We are proud to be the first mortgage insurer to integrate directly with Wilqo’s Charlie platform—giving lenders seamless access to our industry-leading RateStar® risk-based MI pricing, exactly when and where they are needed." This integration not only enhances efficiency but also aids lenders in closing loans faster, facilitating smoother pathways to homeownership for borrowers.
Wilqo’s Head of Product, Kelli Hodges, emphasized the transformative nature of this integration, noting that it allows the consolidation of previously disconnected processes and significantly reduces the time involved in closing mortgage applications. This advancement positions Wilqo at the forefront of innovation in the mortgage lending domain.
Arch Capital Group Ltd. (ACGL, Financial), the parent company of Arch MI, continues to expand its technological footprint in the insurance sector. Arch Capital, with a market capitalization of approximately $34.47 billion as of March 2025, remains a key player in the global insurance market, offering a wide array of insurance and reinsurance services.
