Holding company providing private mortgage insurance and reinsurance for mortgages secured by residential properties.
Essent Group Ltd. operates as a key player in the mortgage insurance and reinsurance sector, specializing in providing private mortgage insurance (PMI) and reinsurance for residential properties across the United States. The company's comprehensive suite of mortgage insurance products includes primary, pool, and master policies, which are crucial for mitigating risk for lenders and investors in the residential mortgage market.
Essent Group also offers a range of supporting services essential to its operations, including information technology maintenance and development, customer support, underwriting consulting, and contract underwriting services. These services are designed to enhance the efficiency and effectiveness of its insurance operations, ensuring robust risk management and customer satisfaction.
Founded in 2008 and headquartered in Hamilton, Bermuda, Essent Group caters primarily to a broad spectrum of mortgage loan originators, including regulated depository institutions, mortgage banks, credit unions, and other lenders. With a strategic focus on risk management and operational excellence, Essent Group continues to play a pivotal role in the U.S. housing market, providing essential insurance solutions that support the stability and growth of residential mortgage lending.