Underwriting

The private mortgage insurer is purchasing Agents National and Boston National from Incenter, which itself is a unit of Finance of America.

The change, effective Dec. 21, is being put into place two years after it was first proposed.

Consumer use rates may be low in part because they prefer to stick to one method of submitting information needed to apply for a mortgage.

So-called 'black box' pricing makes insurance products more competitive and efficient for lenders, practitioners say.