Let's talk about Peak PortfolioSM:
Peak Portfolio is our legal entity created specifically for your portfolio loans.
Holding high LTV residential mortgage loans in portfolio without mortgage insurance (MI) leaves you open to credit risks and may require you to hold additional capital on each loan. But when you add Peak Portfolio coverage, you and your borrower can benefit with expanded MI underwriting guidelines up to $2.5 million loan amount.
With Peak coverage on your portfolio loans, you can reduce your credit risk exposure, expand your higher LTV lending, address individual borrower needs, and possibly realize capital relief.
Let's take a peek at Peak:
- Expanded MI underwriting guidelines
- Reduced credit risk exposure
- Term-to-89 capital relief1
- NOTE: Peak Portfolio loans are not eligible for sale to GSEs.
Get answers to Frequently Asked Questions.
Let's review ordering options:
- Rules-based - Enact automatically directs loans to Peak based on pre-defined loan attributes. You simply order MI as you do today.
- Loan-level - Ordering is directed by you, on a loan-by-loan basis, through Enact’s MI Site, your Loan Origination System or your Product Pricing Engine.
It is our business to make it easier for you to manage and protect yours. With Peak Portfolio, we have the right you-centric solution to provide you with capital relief, reduce your risk exposure, and give you and your borrowers’ access to exclusive programs and services. All with the expertise, experience, and strength you expect from Enact Mortgage Insurance.
Peak Portfolio Resources:
- Peak Portfolio Underwriting Guideline Manual
- Claim and Foreclosure Bidding Servicing Guide
- Default Management Servicing and Reporting Guide
- Rescission Relief Guide
- Sample Peak Portfolio Master Policy 1920
Please visit Rate Express® to submit MI applications for Peak Portfolio loans.
Please visit our MI Servicing site to access our Lender Servicing Guide.
With an active Contract Services Underwriting Agreement, we can contract underwrite your Peak Portfolio loans up to $1,000,000 loan amount or the maximum amount noted in your Contract Services Agreement. Request a Contract Services Underwriting Agreement.
Questions? Call the ActionCenter® at 800-444-5664.
1Applies to banks only. Check with your own legal counsel and banking regulator to confirm capital benefits.
Peak Portfolio is not available in all states. Peak Portfolio is currently unavailable for: Lenders domiciled and/or properties located in ME, Guam, Puerto Rico, and the U.S. Virgin Islands.
Peak Portfolio is specifically designed for portfolio loans, and Peak Portfolio loans are not eligible for sale to GSEs.
Peak Portfolio loans underwritten by: Enact Mortgage Insurance Corporation of North Carolina. Rated A- (investment grade) by AM Best.
