Dallas based down payment insurer ValueInsured has raised a $6.5m funding round led by Everest Re Group.
“We are thrilled to be building on our longstanding partnerships with Everest, a global reinsurer and HIIG, a prominent domestic property and casualty underwriter,” Joe Melendez, CEO of ValueInsured said. “This added support will allow us to deliver down payment protection to more mortgage originators and, most importantly, more homebuyers, providing them peace of mind amid unpredictable, negative changes in the housing market.”