Essent Guaranty, Inc. is a company that offers mortgage insurance and reinsurance in the United States.
Based in Pennsylvania, Essent Guaranty, Inc. is a subsidiary of Essent Group Ltd., a Bermuda-based holding company.
In this article, we will explore the history, products, ratings, and customer reviews of Essent Guaranty, Inc. and see how it compares to other insurers in the market.
What does Essent Group do?
Essent Group serves the housing finance industry by offering private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership.
Essent Group has been rated A3 by Moody’s, A (Excellent) by A.M. Best, and BBB+ by Standard & Poor’s.
Who is the CEO of Essent Guaranty Inc?
The CEO of Essent Guaranty Inc. is Mark A. Casale.
He is also the founder, Chairman, and President of Essent Group Ltd., the parent company of Essent Guaranty Inc.
Mr. Casale has more than 25 years of financial services experience and has led Essent to become a leading mortgage insurer and reinsurer in the US.
How to get mortgage insurance
- Through your mortgage lender: When you close on your loan, your mortgage lender might offer you an MPI policy, which pays off your mortgage if you die or become disabled.
- Through a private insurance company: There are several private insurance companies that specialize in PMI policies, which compensate the lender if you default on your loan.
- Through a life insurance provider: Many companies that offer life insurance policies also offer MPI, which can be cheaper and more flexible than PMI.
You can use a PMI calculator to estimate how much private mortgage insurance might cost for a conventional loan with less than 20% down payment. You can also compare different premium plans and discounts offered by different mortgage insurers.
Essent Guaranty, Inc. Pennsylvania contact
| Category | Information |
|---|---|
| Phone Number | (610) 230-0550 or (855) 282-1483 |
| Address | 100 W Matsonford Rd, Wayne, PA, 19087-4558 |
| Customer Service contact | customerservice@essent.us or (877) 331-9077 |
| Policy details | Mortgage insurance and reinsurance in the US |
| Email address | info@essent.us for general inquiries |
| Fax number | (610) 230-0569 |
| Operating hours | 8:30am-5:00pm (ET), Monday to Friday |
Essent Guaranty, Inc. Pennsylvania services
Essent Guaranty, Inc. is a company that offers various types of insurance and services related to mortgage loans in the US. These include:
- PMI: protects lenders from losses if borrowers default
- Reinsurance: transfers part of the risk from one insurer to another
- Risk management products: help lenders and investors manage mortgage credit risk
- Title insurance and settlement services: protect and facilitate property transactions
Mortgage insurance rates
Mortgage insurance is a type of insurance that protects the lender in case the borrower defaults on the loan.
It is usually required for conventional loans with less than 20% down payment.
Here are some of the main points based on the web search results:
- PMI is a type of insurance that protects the lender if the borrower defaults on the loan. It costs 0.46% to 1.50% of the loan amount per year, depending on various factors .
- The lower your down payment, credit score, and debt-to-income ratio, the higher your PMI rate will be .
- You can use a PMI calculator to estimate your PMI cost for a loan with less than 20% down payment. You can also compare different mortgage insurers’ offers.
Mortgage insurance benefits
Demystifying the intricate dance of risk and reward.
About
Maya Scarlett is not afraid of the unknown.
She is passionate about the intricate world of insurance and enjoys converting complex numbers into compelling stories that empower people to navigate the unpredictable with confidence.
At InsuranceBlob.com, she translates jargon into empathy, demystifying risk and empowering individuals to navigate the often-opaque world of insurance.
Education
Armed with an academic arsenal honed to dissect risk in all its forms, Maya’s educational journey reflects her multifaceted approach to the field.
MSc in Disaster Risk Reduction and Management (University College London)
This program provided a holistic understanding of disaster preparedness, mitigation, and recovery, with a focus on social, environmental, and economic dimensions of risk.
Behavioral Economics and Insurance, Wharton School of Business (University of Pennsylvania)
Delving into the psychological factors influencing insurance decision-making, this course equipped Maya with tools to design products and policies that resonate with people’s needs and biases.
Expertise
Maya’s expertise extends beyond crunching numbers.
- Behavioral Risk Communication: Employing effective communication strategies to educate individuals and communities about risk and encourage responsible insurance behavior.
- Emerging Risks and Innovation: From climate change to cyber threats, Maya keeps her finger on the pulse of the future, anticipating and preparing for the next wave of risk challenges.
- Regulatory Compliance and Communication: Navigating the intricate maze of insurance regulations and translating complex concepts into clear, actionable language for everyone.
Maya Scarlett is your guide through the labyrinthine world of risk.
With her sharp data-driven insights and unwavering optimism, she empowers you to make informed decisions and face the unexpected with confidence.
Read her articles and discover how your risk can be your greatest asset.
Connect with Maya
LinkedIn
Twitter
Medium
Feel free to reach out for a chat, a question, or a deep dive into the fascinating world of risk and reward.
Maya is always eager to share her knowledge and help you navigate the ever-changing insurance landscape with confidence.