Arch Mortgage Insurance Company has updated their premium pricing tool, RateStar, to provide express quotes and customized pricing options through a portal. RateStar was launched 10-years ago as a tool that could evaluate individual loan risk with more precision than any rate sheet.

RateStar offers a mortgage insurance buydown feature, and its buydown feature allows loan officers to customize a  mortgage insurance premium payment for each borrower. The portal is available on through most loan origination systems and pricing engines, as well as through Arch MI’s origination platform, CONNECT, and its downloadable mobile app.

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“RateStar continues to evolve as we apply our decade of expertise and customer feedback,” said Michael Schmeiser, Arch MI’s President and CEO. “RateStar offers an express rate quote option that returns rate quotes faster and requires far fewer fields. Users have a full range of MI pricing options to choose from. RateStar provides a streamlined, uncluttered customer experience with design enhancements based on lender preferences.”

Calyx Enhances Technology

Calyx Software has enhanced Zip, a point-of-sale platform, to provide larger organizations with greater control and transparency over individual user profiles.

With this update, banks, credit unions, and non-bank lenders can designate a chief administrator, who has complete control to oversee, manage and standardize all of the company’s individual user accounts with ease. He can standardize the content on each of their Zip user websites to ensure consistency and compliance with company policies. In addition, the administrator can oversee activity and billing from all users, generate a single billing report, and set up ACH payment.