Enact Holdings, Inc. Market Research Report

Company Overview

• Name: Enact Holdings, Inc.

• Mission: Enact aims to help lenders bring the dream of homeownership to more people through partnerships and innovative mortgage insurance products.

• Founded: No information is available.

• Founders: No information is available.

• Key People:

• Rohit Gupta: President, Chief Executive Officer and Director

• Dean Mitchell: Executive Vice President, Chief Financial Officer and Treasurer

• Mike Derstine: Executive Vice President and Chief Risk Officer

• Evan Stolove: Executive Vice President, General Counsel and Corporate Secretary

• Brian Gould: Executive Vice President and Chief Operations Officer

• Duane Duncan: Senior Vice President - Government and Industry Affairs

• Neenu Kainth: Senior Vice President and Chief Customer Experience Officer

• Susan Sullivan: Senior Vice President and Chief Human Resources Officer

• Matt Young: Senior Vice President - Sales

• Marc Zinner: Vice President and Chief Of Staff

• Headquarters: Raleigh, North Carolina, USA

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known for: Enact is recognized as a leading private mortgage insurance provider in the U.S. Their borrower-centric products enable lenders to help people responsibly achieve and maintain homeownership. They are noted for excellence in underwriting and risk management.

Products

• Mortgage Insurance Products: Enact offers a suite of mortgage insurance products designed to integrate seamlessly with lenders' technology platforms and help manage risk, protect, and grow customer businesses.

• Home Suite Home®: This no-cost program provides borrowers additional security, offering three benefits to choose from upon closing.

• Homebuyer Privileges®: Provides up to $8,500 in savings through discounts and offers from a network of over 300,000 merchants, offered at no cost to borrowers.

• Professional Program: Assists borrowers pursuing an advanced professional degree by addressing challenging down payment situations.

• HFA Loan Support: Flexible MI premium options available for state Housing Finance Agencies, promoting sustainable homeownership.

Key Features of Products

1. Home Suite Home®:

• Offers additional no-cost benefits to homeowners post-purchase.

2. Homebuyer Privileges®:

• Includes substantial savings and offers from a wide merchant network.

3. Underwriting Flexibility:

• Features products such as Simply UnderwriteSM, allowing flexibility in mortgage processes with guidelines integration.

Recent Developments

• September 2024:

• Expanded Loan Amounts: Enhanced loan limit offerings.

• January 2024:

• Updated Underwriting Guidelines: Enact updated its Underwriting Guidelines Manual for simplifying processes.

• August 2024:

• Recognition: CEO won the Triangle Business Journal Corporate Leadership Award.

• August 2024:

• Capital Update: Provided an update regarding capital positions under new PMIERs guidelines.

• August 2024:

• S&P Rating: Enact Re, Ltd. received an A- rating from S&P Global Ratings.

• July 2024:

• Best Place to Work: Recognized by the Triangle Business Journal.

• May 2024:

• Senior Notes Issuance: Successfully issued $750 million in senior notes.

• Partnerships:

• Integration with PMI Rate Pro for improved order processing efficiency.

Conclusion

This report details the key operational, strategic, and developmental aspects of Enact Holdings, Inc., offering market-leading expertise and borrower-focused solutions in the mortgage insurance industry. The company’s ongoing recognition for excellence and innovation stamps its position as a stalwart in nurturing sustainable homeownership across the United States.