The American Bankers Association – through its subsidiary the Corporation for American Banking – has endorsed the mortgage insurance solutions of Arch Mortgage Insurance Company, a 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.”