Essent Group Ltd. operates as a private mortgage insurance company. The company provides private mortgage insurance and reinsurance for residential property mortgages within the United States. Founded in 2008, Essent has its headquarters in Hamilton, Bermuda.
Essent's products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance. The company's mortgage insurance products include primary, pool, and master policy. Essent's primary mortgage insurance operations are conducted through its subsidiary Essent Guaranty, Inc. Essent Guaranty is a mortgage insurer licensed to write mortgage insurance in all 50 states and the District of Columbia. In addition, the company provides private capital to bear mortgage credit risk, enabling lenders and mortgage investors to make mortgage financing available for homeowners.
Essent Group stock is listed on the NYSE under the ticker ESNT. Its major subsidiaries include Essent Guaranty, Inc., and Essent Reinsurance Ltd. In addition to its other services, Essent provides information technology maintenance and development services, customer support-related services, underwriting consulting, and contract underwriting services. The company provides services to the originators of residential mortgage loans, such as credit unions, mortgage banks, regulated depository institutions, and other lenders.
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