Arch Capital Group Taps Wilqo’s Charlie Platform to Revolutionize Mortgage Lending

Arch Capital Group Ltd. (NASDAQ:ACGL) is one of the 11 most profitable NASDAQ stocks to buy now. On June 2, Arch Capital Group announced a strategic integration with Wilqo’s Charlie platform. This was done through the company’s subsidiary called Arch Mortgage Insurance Company (Arch MI). The partnership aims to streamline the mortgage lending process by incorporating Arch MI’s RateStar pricing directly into the Charlie platform.

The collaboration will enhance efficiency, reduce the time involved in closing mortgage applications, and facilitate faster homeownership for borrowers by consolidating previously disconnected processes. Will Vickers, Vice President of Industry Technology at Arch MI, highlighted that Arch MI is the first mortgage insurer to integrate directly with Wilqo’s Charlie platform.

A close-up image of an insurance policy with hands standing firmly on top, conveying security.

Arch Capital Group’s stock price saw a 3% increase over the last quarter. The company’s total shareholder return over the past 5 years is a remarkable 180.36%. However, on an annual basis, Arch Capital underperformed both the US Insurance industry, which saw an 18.5% return, and the broader US market, which returned 11.5%.

Arch Capital Group Ltd. (NASDAQ:ACGL) provides insurance, reinsurance, and mortgage insurance products in the US, Canada, Bermuda, the UK, Europe, and Australia.

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Disclosure: None. This article is originally published at Insider Monkey.