Genworth MI Blog

Enact is a prominent mortgage insurance (MI) provider that serves as a crucial business partner to lenders across the mortgage industry. While not directly originating loans to consumers, Enact plays an instrumental role in facilitating homeownership by offering essential mortgage insurance products that mitigate risk for lenders, enabling them to offer competitive financing options, including those with lower down payments.

The company distinguishes itself through its comprehensive underwriting expertise, providing both MI Non-Delegated Underwriting and Contract Underwriting services to its lender partners. Enact also offers a suite of digital tools and resources, including a robust servicing site for managing MI certificates and a 'Rate Express' tool, alongside custom tech integration capabilities for seamless operations. They align their guidelines with industry standards, such as conforming loan limits and GSE requirements, ensuring their MI products support a wide array of loan types.

Enact is committed to fostering smart and sustainable homeownership, offering support for initiatives like HFA loans and providing indirect borrower benefits through programs like Home Suite Home® and Homebuyer Privileges®. Their focus extends to providing valuable training and resources to mortgage professionals, reinforcing their dedication to being a supportive and integral part of the lending ecosystem.