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Optimal Blue Announces Integration With Arch Mortgage Insurance Company(Marketwire Via Acquire Media NewsEdge) PLANO, TX -- (Marketwired) -- 08/19/14 -- Optimal Blue, based in Plano, Texas, is a cloud-based provider of managed-content, product eligibility and pricing (PPE), secondary marketing, point-of-sale and compliance technology and services for the mortgage industry, today announced the launch of a new integration relationship with Arch Mortgage Insurance Company. Arch MI customers who use Optimal Blue's eligibility and pricing services will now have real-time access to Arch MI's competitive pricing and Rate Quote workflow within Optimal Blue. Arch Mortgage Insurance Company ("Arch MI"), is a leading provider of private mortgage insurance and wholly owned subsidiary of Arch Capital Group Ltd. The Optimal Blue integration engine is based on Mortgage Industry Standards Maintenance Organization (MISMO) standards and will support requests for Arch MI's mortgage insurance premium rates for up to five loan products for each borrower scenario. In addition, the integration accommodates several new Arch MI features that further streamline and simplify the process for customers using Optimal Blue: Real-time access to Arch MI's competitive ratesAbility to share Rate Quote results with other team membersView, save and print Rate Quote results in a user-friendly document formatLink to ArchMIConnect? to order MI and complete the MI origination process"Arch MI's integration with Optimal Blue reflects another important step in our commitment to meet customers' needs," said David Gansberg, Chief Executive Officer of Arch MI. "Our partnership with Optimal Blue will reduce turnaround times for lenders, boost their efficiency and drive their business growth. Optimal Blue's technology platform represents an important innovation in mortgage industry technology and creates new standards for productivity." "For Optimal Blue and Arch MI customers at the point of sale for loans that require MI, Arch is a new and exciting option that offers vital, real-time information," said Larry Huff, Co-CEO of Optimal Blue. "Lenders are empowered to make an informed decision on Arch MI products at the point of sale. This partnership demonstrates both companies' commitment to deliver value to our mutual customers and consumers as well an effort to automate workflow and improve access to information." Arch MI and Optimal Blue are jointly hosting a Webinar for customers on August 19, 20 and 21, to educate them on the new interface and guide them through the process for requesting MI premium rates from Arch MI. Please click on your preferred date and register for one of the webinars: Tuesday, August 19th at 2 pm EDTWednesday, August 20th at 2 pm CDT Thursday, August 21st at 2pm PDT For more information, visit www.optimalblue.com. ABOUT OPTIMAL BLUE Optimal Blue LLC, TheEnterprise Lending Services Company, based in Plano, Texas is an international technology and content provider catering to mortgage investors, lenders, and originators. Most notably creating the first web-based product eligibility and pricing engine utilizing hundreds of lenders across the US. Offering end-to-end services to manage secondary marketing department requirements and deliver larger margins from their business, Optimal Blue is the most reliable, accurate and trustworthy source for product eligibility and pricing solutions. Innovative services enable Optimal Blue to assist mortgage banks, credit unions and community banks optimizing their workflow with our Consumer Direct, Point-of-Sale, Compliance, and Data & Analytic products. ABOUT ARCH MORTGAGE INSURANCE COMPANY (formerly known as CMG Mortgage Insurance Company) Arch MI is a leading provider of private mortgage insurance. 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 MI was formed when Arch Capital acquired CMG Mortgage Insurance Company (CMG MI) and the mortgage insurance operating platform of PMI Mortgage Insurance Co. on January 30, 2014, creating a state-of-the-art mortgage insurance operation. Arch MI is licensed to write mortgage insurance in all 50 states, the District of Columbia and Puerto Rico. For more information, please visit www.archmi.com. Cautionary Note Regarding Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This release or any other written or oral statements made by or on behalf of Arch MI, Arch Capital Group Ltd. or its subsidiaries may include forward-looking statements, which reflect our current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward-looking statements. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward-looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and our ability to maintain and improve our ratings; investment performance; the loss of key personnel; the adequacy of our loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; our ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses we have acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to us of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to us; and other factors identified in our filings with the U.S. Securities and Exchange Commission. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Contact:Mike Maccioli [email protected], MarketingOptimal Blue Source: Optimal Blue LLC |