Arch MI moves beyond traditional private mortgage insurance pricing models

  • Private mortgage insurance (PMI) provider Arch Mortgage Insurance Co., announced this week that it will move beyond the conventional rate sheets used for decades in the industry and introduce a new, risk-based model for pricing coverage.
  • The company’s new program, called RateStar, offers a more targeted approach and uses a combination of loan characteristics and other risk factors to determine the most precise premium rate for each loan.
  • Instead of loans being grouped in large risk buckets, each loan will be priced based on its individual risk attributes.

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Private mortgage insurance (PMI) provider Arch Mortgage Insurance Co., announced this week that it will move beyond the conventional rate sheets used for decades in the industry and introduce a new, risk-based model for pricing coverage. The company’s new program, called RateStar, offers a more targeted approach and uses a combination of loan characteristics and other risk factors to determine the most precise premium rate for each loan. Instead of loans being grouped in large risk buckets, each loan will be priced based on its individual risk attributes.