Enact
Enact Holdings is a U.S. private mortgage insurance company spun off from Genworth Financial in 2021 and listed on NASDAQ (ACT). It underwrites MI for high-LTV residential loans via regulated subsidiaries and serves mortgage lenders, HFAs, and credit unions through direct sales and technology integrations.
- Company typePublic
- Founded2021
- HeadquartersRaleigh, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Enact does
Enact Holdings, Inc. (NASDAQ: ACT) is a U.S. private mortgage insurance company headquartered in Raleigh, North Carolina, that was spun off from Genworth Financial in 2021. The company underwrites private mortgage insurance primarily for residential loans with loan-to-value ratios above 80%, enabling lenders to originate mortgages with down payments as low as 3% and protecting lenders against default losses. Insurance is issued through two regulated subsidiaries, Enact Mortgage Insurance Corporation and Enact Mortgage Insurance Corporation of North Carolina (rated A- by AM Best), with ancillary contract underwriting services delivered via Enact Financial Services, Inc.
The core operating platform combines risk-based pricing (Rate360), an online MI rate quote tool (Rate Express), deep integrations with Loan Origination Systems, Product Pricing Engines, and Point of Sale platforms, plus specialized programs such as Peak Portfolio (portfolio loans up to $2.5 million) and HFA Programs. Enact also layers a suite of borrower benefit programs under the Ready. Set. Home. brand (Homebuyer Privileges, Home Suite Home, Homeowner Assistance) and the Discover360 content/training hub, which trains over 35,000 mortgage professionals annually. Distribution is delivered through a regional direct sales force, ActionCenter support, and dedicated HFA and credit union channels across the United States (excluding Guam, Puerto Rico, and the U.S. Virgin Islands).
Enact's revenue model is primarily recurring, driven by monthly, annual, and single-premium mortgage insurance premiums on its insured loan portfolio, supplemented by fee-based contract underwriting services. Q1 2026 revenue was $312.1 million and Q1 2026 new insurance written was $13 billion (up 30% year-over-year), with a PMIERs sufficiency ratio of 162% and approximately $500 million of planned capital returns to shareholders for 2026. Genworth Financial remains a significant shareholder, and Enact maintains diversified credit risk transfer through A-rated reinsurance partners.
Enact firmographics
Firmographics- Name
- Enact
- Legal name
- Enact Holdings, Inc.
- Website
- https://enactmi.com
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Enact Holdings is a U.S. private mortgage insurance company spun off from Genworth Financial in 2021 and listed on NASDAQ (ACT). It underwrites MI for high-LTV residential loans via regulated subsidiaries and serves mortgage lenders, HFAs, and credit unions through direct sales and technology integrations.
- Ownership category
- akta.pro rank
Enact industry classification
Industry- Product category
- Mortgage Insurance
- NAICS
- Insurance Carriers (5241)
- SIC
- Surety Insurance (6351)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
Keywords
Where Enact is headquartered
LocationHeadquarters
- HQ city
- Raleigh
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Enact business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Mortgage Insurance Premiums: Recurring mortgage insurance premiums charged to lenders on insured loans. Premiums can be paid monthly, annually, or as single premiums. Revenue driven by new insurance written volume and persistency rates.
- Single Premium MI: One-time premium payments for single premium mortgage insurance products, providing coverage for the life of the loan.
- Contract Underwriting Services: Fee-based contract underwriting services provided to lenders, offering underwriting to agency/investor guidelines with competitive pricing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Borrower-Paid Monthly MI - Premium paid monthly as part of mortgage payment |
| One time/ perpetual license | Pay-as-you-go | Borrower-Paid Single Premium MI - One-time upfront payment |
| One time/ perpetual license | Pay-as-you-go | Lender-Paid Single Premium MI |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Enact product offering
Product offeringCore offering
Enact is a private mortgage insurance provider that issues mortgage guaranty insurance covering residential high-LTV loans (typically above 80% LTV), enabling mortgage lenders, Housing Finance Agencies, and credit unions to originate loans with borrower down payments as low as 3%. Policies are underwritten by Enact Mortgage Insurance Corporation and Enact Mortgage Insurance Corporation of North Carolina, with premiums paid monthly, annually, or as single premiums. Enact also provides fee-based contract underwriting services through Enact Financial Services, Inc., plus digital tools such as Rate Express, Rate360, MI Site, and a servicing portal, as well as the Peak Portfolio program for portfolio lenders.
Product overview
Enact is a private mortgage insurance provider offering a comprehensive platform of products and services. The core offering is mortgage insurance underwriting through Enact Mortgage Insurance Corporation and Enact Mortgage Insurance Corporation of North Carolina, enabling lenders to originate high-LTV loans. The platform includes digital tools (Rate Express for quotes, Rate360 for risk-based pricing), specialized programs (Peak Portfolio for portfolio loans, HFA Programs for housing finance agencies), and borrower benefit programs (Ready. Set. Home. encompassing Homebuyer Privileges, Home Suite Home, and Homeowner Assistance). Additional services include Contract Services Underwriting, MI Servicing portal, training resources, and the Discover360 expert insights blog.
Differentiator
Problem solved
Functional benefit
Brands
- Peak Portfolio: A legal entity created specifically for portfolio loans offering expanded MI underwriting guidelines up to $2.5 million loan amount for capital relief and reduced credit risk exposure.
- Ready. Set. Home.
- Homebuyer Privileges
- Home Suite Home
- Rate Express
- Discover360
Products and services
- Private Mortgage Insurance (MI) Private mortgage insurance underwritten by Enact Mortgage Insurance Corporation and Enact Mortgage Insurance Corporation of North Carolina, enabling lenders to offer high-LTV loans (typically above 80% LTV) to borrowers with down payments as low as 3%. Premiums paid monthly, annually, or as single premiums. Protects lenders against default losses.
- Rate Express Online MI rate quote tool enabling lenders to obtain quick and accurate mortgage insurance premium quotes in real time, supporting rate cards and risk-based pricing workflows.
- Rate360
- Peak Portfolio Dedicated legal entity and program specifically designed for portfolio lenders, offering expanded MI underwriting guidelines up to $2.5 million loan amount with capital relief and reduced credit risk exposure benefits.
- Housing Finance Agency (HFA) Programs
- Contract Services Underwriting
- MI Servicing
- Homebuyer Privileges
- Home Suite Home
- Homeowner Assistance
- Ready. Set. Home.
- Training Resources
Quantifiable outcome
- Q1 2026 new insurance written of $13 billion, up 30% year over year
- +3 more outcomes
Companies that use Enact
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Enact technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
Enact partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Seniorly, Inc.minorGenworth Financial acquired Seniorly, Inc. for $15 million as part of its strategy to expand the CareScout platform and integrated care services. While this is a Genworth acquisition, it reflects the parent company's broader strategic direction affecting the Enact relationship.
- NextJobminorEnact partners with NextJob, a nationwide reemployment solutions company, to provide unemployed or underemployed borrowers with career resources during job searches. Enact pays for the cost of NextJob services as part of the Homeowner Assistance program.
- Fannie MaecoreFannie Mae is a major beneficiary of Enact's mortgage insurance coverage. Enact shares borrower data with Fannie Mae in the course of administering insurance coverage for loans where Fannie Mae is the beneficiary. Also integrates with Fannie Mae's Desktop Underwriter for loan eligibility.
- Freddie MaccoreFreddie Mac is a major beneficiary of Enact's mortgage insurance coverage. Enact shares borrower data with Freddie Mac in the course of administering insurance coverage for loans where Freddie Mac is the beneficiary. Also integrates with Freddie Mac's Loan Product Advisor for loan eligibility.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Enact competitors and assessment
Company assessmentOthers
- Fannie Mae: Fannie Mae is a GSE that defines eligibility rules and is the largest beneficiary of U.S. private MI coverage. Not a competitor, but a critical counterparty whose credit-fee and capital policies directly shape Enact's addressable market.
- Genworth Financial: Genworth Financial is Enact's parent company and a long-term-care insurance and MI legacy carrier. Comparable as the originating entity and capital backer, though Genworth's strategic focus is broader than Enact's MI-only mandate.
- First American Financial Corporation: First American is a title insurance and real-estate data company that provides LOS and technology integrations referenced by Enact. Comparable as an ecosystem participant in residential mortgage finance rather than a direct MI competitor.
- Freddie Mac: Freddie Mac is the second major U.S. GSE and a primary beneficiary of private MI on conforming high-LTV loans. Its Loan Product Advisor integration and capital standards are core to Enact's go-to-market.
- Ellie Mae (ICE Mortgage Technology): Ellie Mae provides the Encompass loan origination system that Enact integrates with for MI ordering. Comparable as a key distribution infrastructure partner in the residential mortgage workflow.
Direct peers
- Radian Group: Radian is a direct competitor in U.S. private mortgage insurance, with comparable lender distribution, MI products, and capital-return programs. Also offers mortgage title and real-estate services.
- Arch Capital Group (Arch MI): Arch Mortgage Insurance is the U.S. private MI arm of Arch Capital Group, providing direct competition in residential mortgage insurance. Comparable product suite and underwriting framework, with broader corporate balance-sheet backing.
- Essent Group: Essent is a U.S. private mortgage insurer with a similar focus on high-LTV residential MI, integrated lender solutions, and disciplined capital returns. Direct product overlap with Enact's core monthly and single-premium MI.
- MGIC Investment Corporation: MGIC is one of the largest U.S. private mortgage insurers, directly competing with Enact on monthly, single, and lender-paid MI products for high-LTV residential loans. Closest publicly-traded peer on product mix and lender base.
- NMI Holdings (National MI): NMI Holdings is a U.S. private mortgage insurance underwriter serving residential lenders with comparable products, including portfolio MI solutions. Direct competitor with overlapping lender relationships and similar business model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Enact social profiles
Digital presenceEnact compliance and trust
Trust signalCompliance5 records
Enact financial estimates
Financial estimateRevenue estimate
Valuation estimate
Enact leadership team
Management profileNumber of profiles
Profiles8 records
Enact subsidiaries and ownership
Company hierarchySubsidiaries3 records
Enact funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Enact M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Enact
What does Enact do?
Enact is a private mortgage insurance provider that issues mortgage guaranty insurance covering residential high-LTV loans (typically above 80% LTV), enabling mortgage lenders, Housing Finance Agencies, and credit unions to originate loans with borrower down payments as low as 3%. Policies are underwritten by Enact Mortgage Insurance Corporation and Enact Mortgage Insurance Corporation of North Carolina, with premiums paid monthly, annually, or as single premiums. Enact also provides fee-based contract underwriting services through Enact Financial Services, Inc., plus digital tools such as Rate Express, Rate360, MI Site, and a servicing portal, as well as the Peak Portfolio program for portfolio lenders.
Is Enact a public or private company?
Enact is a public company. It is classified as public and is currently operating.
When was Enact founded?
Enact was founded in 2021. It employs 251 to 500 people.
Where is Enact based?
Enact is headquartered in Raleigh, United States, in the North America region.
How does Enact make money?
Three revenue lines are on record. Mortgage Insurance Premiums are the primary driver. The others are single Premium MI and contract Underwriting Services.
Who are Enact's main competitors?
Others on record are Fannie Mae, Genworth Financial, First American Financial Corporation, Freddie Mac and Ellie Mae (ICE Mortgage Technology). Direct peers are Radian Group, Arch Capital Group (Arch MI), Essent Group, MGIC Investment Corporation and NMI Holdings (National MI).
Does Enact have an API?
No public API is recorded for Enact.
What industry is Enact in?
Enact's product category is Mortgage Insurance. Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS). Its NAICS code is 5241 and its SIC code is 6351.