Company Profile
Enact Holdings, Inc. Basic Information, Manufacturing Base, Sales Area, and Competitors
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Sr. No. |
Item |
Description |
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1 |
Company Name |
Enact Holdings, Inc. |
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2 |
Website |
www.enactmi.com |
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3 |
Established Date |
1981 |
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4 |
Headquartered |
Raleigh, North Carolina, United Staes |
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5 |
Market Position/ History |
Enact Holdings, Inc. was founded in 1981 and has evolved into a provider of private mortgage insurance in the U.S. Initially a subsidiary of Genworth Financial, Enact became an independent, publicly traded company following its successful initial public offering (IPO) in September 2021. The company provides mortgage insurance that supports homeownership, primarily focusing on first-time homebuyers and loans with higher loan-to-value ratios. Enact has a strong market presence across all 50 states and serves a diverse customer base of over 1,700 mortgage lenders. With a reputation for underwriting excellence, a robust risk management strategy, and a commitment to social responsibility, Enact continues to play a pivotal role in the U.S. housing finance system. |
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6 |
Sales Area |
United States |
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7 |
Ticker |
Nasdaq: ACT |
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8 |
No. of Employees |
421 employees (As of December 31, 2024) |
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9 |
Competitors |
Arch Capital Group Ltd. NMI Holdings, Inc. Pinnacle Insurance Group MGIC Investment Corporation Essent Group Ltd. Radian Group Inc. |
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10 |
CEO |
Rohit Gupta |
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11 |
Ownership Type |
Public |
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12 |
Contact Information |
8325 Six Forks Road, Raleigh, NC 27615 Tel: 800-444-5664 |
Business Segment or Overview of Enact Holdings Inc
Enact Holdings, Inc. is a private mortgage insurance provider serving the U.S. housing finance market since 1981. The company plays a crucial role in the housing finance system by offering mortgage insurance that protects lenders and investors from losses due to nonpayment on Low Down Payment Loans (loans exceeding 80% of the home's value). This coverage enables mortgage lenders to increase their lending capacity and expand homeownership opportunities, especially for first-time homebuyers.
Enact operates in all 50 states and the District of Columbia, providing its services primarily to residential mortgage loan originators. The company facilitates the sale of mortgages to secondary markets, including private investors, Fannie Mae, and Freddie Mac (the GSEs). This support allows mortgage lenders to manage risk, improve liquidity, and offer more financing options.
Segments and Products:
Primary Mortgage Insurance
The company offers primary mortgage insurance, which covers individual loans at specified coverage percentages. These policies are either delivered on a loan-by-loan basis or aggregated for multiple loans. Enact's coverage typically ranges from 6% to 35% of the loan amount.
Premiums can be paid monthly, upfront (single), annually, or in a split structure (lump sum upfront with monthly payments).
Pool Mortgage Insurance
Pool mortgage insurance covers multiple loans grouped together under a single policy. It provides additional coverage for secondary market transactions. These policies include provisions like deductibles or stop-loss clauses, protecting lenders from higher-than-expected losses.
Contract Underwriting Services
Enact offers fee-based contract underwriting services, helping customers with outsourced underwriting capacity for mortgage loans. This service reduces duplicative activities and facilitates mortgage insurance for loans.
Mortgage Insurance Portfolio
Enact's portfolio is primarily focused on primary insurance, offering coverage up to the set limit without any stop-loss or deductible. The company's portfolio is diversified across different books of business and has a high concentration of first-time homebuyers (FTHBs), typically with high loan-to-value (LTV) ratios.
Mortgage Insurance Types Specification
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Product |
Product Description |
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Enact Mortgage Insurance |
Enact Mortgage Insurance provides a variety of products and services designed to support homebuyers, mortgage professionals, and lenders. Below are some of the key offerings: Mortgage Insurance (MI) Products Private Mortgage Insurance (PMI): Offers protection to lenders in the event of borrower default. It enables homebuyers to secure loans with a lower down payment (usually less than 20%). Home Suite Home: An exclusive program offering added security to borrowers. At no extra cost, borrowers can select one of three benefits upon closing to enhance their financial security. HFA Loan Support: Enact partners with Housing Finance Agencies (HFAs) to offer flexible MI premium options to help homebuyers access sustainable homeownership. Professionals Program: Designed for borrowers pursuing advanced professional degrees, offering MI options to make homeownership more accessible for individuals facing financial strain from education costs. Underwriting Services Non-Delegated Underwriting: Provides lenders with the option to rely on Enact’s underwriting expertise, ensuring compliance with MI requirements while maintaining flexibility. Contract Underwriting: Custom underwriting solutions tailored to meet the specific needs of lenders. This ensures high-quality service and the support lenders require to close loans efficiently. Borrower Benefits Homebuyer Privileges: A program offering borrowers access to up to $8,500 in savings, including discounts, rebates, and special offers from over 300,000 merchants. This benefit comes at no additional cost. No-Cost Borrower Benefit: The Home Suite Home program provides borrowers with a choice of additional benefits that help secure their financial future post-closing. Training and Resources On-Demand Training: Enact offers bite-sized, on-demand training courses for all experience levels, covering a variety of topics. This helps mortgage professionals stay current on industry trends and sharpen their skills. Flexible MI Premium Plans: Enact offers various pricing models, including risk-based pricing and rate card pricing, providing mortgage professionals with options to stay competitive. Special Programs Gift Funds: Under the Simply UnderwriteSM program, gift funds can be applied in accordance with Government-Sponsored Enterprise (GSE) guidelines to help borrowers who may have limited down payment funds. These services are designed to enhance the home buying process, providing both financial protection and strategic solutions to borrowers and mortgage professionals alike. |
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Profile Details
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Author Sonali Shinde
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Published 14 Oct 2025
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Last Updated 14 Oct 2025
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Reading Time~5 minutes
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CoverageSWOT, Financials, Key Employees, History
Table of Contents
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- 1.1 About Enact Holdings Inc
- 1.2 Key Facts
- 1.3 Key Employees
- 1.3.1 Key Employee Biographies
- 1.4 History
- 1.5 Locations & Subsidiaries
- 1.5.1 Head Office
- 1.5.2 Other Locations & Subsidiaries
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- 2.1 Company Overview
- 2.2 Business Segments
- 2.3 R&D Overview
- 2.4 Brands
- 2.5 Key Company Statistics
- 2.6 Key Financials (2015–2019)
- 2.7 Share Holder Analysis
- 2.8 Regional Presence
- 2.9 Services Offered
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- 3.1 Strengths
- 3.2 Weaknesses
- 3.3 Opportunities
- 3.4 Threats
- 3.5 Key Competitors
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- 4.1 Company Metrics
- 4.2 Key Investors
- 4.3 Recent Funding & Valuation
- 4.4 Historical Funding & Valuation
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- 5.1 Acquisitions
- 5.2 Partnerships
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- 6.1 Latest News & Announcements
- 6.2 Strategic Initiatives
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- 7.1 Summary of Findings
- 7.2 Strategic Recommendations
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