Arch Credit Risk Services, a unit of Arch Capital Group, has entered into a multi-year agreement with Munich Re to provide mortgage credit assessment and underwriting advisory services.
The services will relate to Munich Re’s involvement in Credit Risk Transfer programmes offered by Fannie Mae and Freddie Mac.
Arch’s Global Mortgage Group CEO Andrew Rippert said: “This partnership with Munich Re further leverages Arch’s position as the industry leader in mortgage credit risk assessment.
“By offering our deep understanding of the US mortgage credit market, we’re supporting Munich Re’s efforts to participate in the U.S. housing finance system. Importantly, this extension of our business model adds a fee-based revenue stream to Arch’s Global Mortgage Group.”
Doris Höpke, a member of the board of management of Munich Re said: “We look forward to working with Arch and leveraging their expertise in order to expedite our participation in the US Credit Risk Transfer space.
“Arch’s knowledge of the market is well-known and we believe we have found an excellent partner for this endeavor.”
Arch Credit Risk Services, founded in 2017, helps clients leverage the significant mortgage underwriting and analytical expertise of Arch Capital Group’s Global Mortgage Group, which includes Arch Mortgage Insurance Company, the largest provider of mortgage insurance in the US.