A Workplace for Everyone
Enact Mortgage Insurance (Nasdaq: ACT) is a leading publicly traded U.S. private mortgage insurance provider, offering borrower-centric products that enable lenders and other partners across the U.S. to help people responsibly achieve and maintain the dream of homeownership.
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By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Headquartered in Raleigh, North Carolina, we play an active role in supporting a healthier Triangle community. We also support our colleagues’ philanthropic efforts in their home communities across the U.S.
Our mission:
We help people buy a house and keep it their home.
Our values:
Excellence. Improvement. Connection.
Excellence
We are good at what we do: producing top quality work.
• We adapt to changing environments and needs.
• We step up and bring solutions.
• We work toward greater business understanding.
Improvement
We make things better than they were yesterday.
• We bring innovative thinking to the situation at hand.
• We anticipate issues and solve for them.
• We learn from others so we can better help others.
Connection
We care about each other and show it in how we work together.
• We educate ourselves on the experiences and perspectives of others.
• We seek out and incorporate diverse views to strengthen our outcomes.
• We use our resources and expertise to support a better, more equitable community.
Ready for your Next Act?
We take pride in our company culture where employees are respected, heard and empowered to do their best work. We enjoy working hard, learning from our failures and celebrating our successes.
✓ We have a real impact on the lives of people we serve.
✓ We work on challenging and rewarding projects.
✓ We give back to the communities where we live.
Focusing on total wellness
We want you to feel comfortable bringing your whole selves to work. Helping our employees achieve their physical, personal, and financial well-being is key to Enact’s success.
Some of Enact’s more notable benefits include, but are not limited to:
- Generous Choice Time Off Policy
- 12 Paid Holidays
- Hybrid Work Schedule
- 40 Hours of Volunteer Time Off
- Tuition Reimbursement and Student Loan Repayment
- Paid Family Leave and Adoption Assistance Program
- Flexible Spending Accounts
- Personal Financial Counseling
- 401k with up to 5% Employer Match
- Fitness and Emotional Wellness Reimbursements
A commitment to Diversity, Equity, and Inclusion
Enact is deeply engaged with the communities it serves by enabling more families to achieve the dream of sustainable homeownership. We recognize that promoting diversity, equity, and inclusion is not only the right thing to do, but also vital to our continued success and growth.
About the DEI Council
The DEI Council is an employee-led group that acts on behalf of the company to initiate and manage diversity, equity and inclusion-related efforts and processes. The Council focuses on educating employees on the experiences and history of other various communities, celebrating each person’s unique perspectives, and advocating for marginalized communities and DEI in the workplace.
Active DEI Initiatives
• Mortgage industry skills program at Historically Black Colleges & Universities in partnership from HomeFree USA’s Center for Financial Advancement
• Developing products that help address the minority homeownership gap and support credit invisible individuals pursuing homeownership
• Scholarship program that targets diverse populations
• Engaging with local and industry organizations like the Raleigh Chamber of Commerce, NAMMBA, and the LGBTQ Real Estate Alliance to advocate for DEI in the workplace
Sponsorships & Partnerships
• LGBTQ Real Estate Alliance – active sponsor since 2022
• HomeFree USA’s Center for Financial Advancement – active partner since 2021
• Raleigh Chamber of Commerce – active sponsor since 2018
• National Association of Minority Mortgage Bankers of America – active sponsor since 2018
DEI Awards
• 2023 Profiles in Diversity Journal’s Innovations in Diversity Award (company)
• 2023 Triangle Business Journal “Leaders in Diversity” (company)
• 2023 National Mortgage Professional’s Diversity Leaders (company)
• 2022 MBA Residential DEI Leadership Award (company)
• 2022 Bronze Stevie for Achievements in Diversity & Inclusion (company)
• 2022 Profiles in Diversity Journal’s Innovations in Diversity Award (company)
• 2022 Profiles in Diversity Journal’s Black Leadership Award (individual)
• 2021 Triangle Business Journal “Leaders in Diversity” (individual)
• 2020 Triangle Business Journal “Leaders in Diversity” (individual)
• 2019 Triangle Business Journal “Leaders in Diversity” (company)
• 2018 Mortgage Bankers Association “Residential Diversity and Inclusion Award” (company)
Environmental, Social, and Governance
Overview
At Enact, our mission to help more people become homeowners motivates everything we do. Homeownership helps build wealth from generation to generation. It stabilizes and strengthens communities, and it is an integral part of the American dream. ESG is intertwined with our business objectives. Our financial success is based upon the success of our neighbors and the communities in which we work and live.
In 2022, we engaged a third-party consultancy to assess and rank our ESG priorities. As part of this robust process, we solicited the perspectives of our key internal and external stakeholders—including employees, Board members, customers, and shareholders. Based on this feedback and the deliberations of our Executive Leadership Team (ELT) and members of our Board, we identified and ranked the ESG issues that are most important to our business and stakeholders.
Providing Training and Career Development Opportunities
To support employee growth, we offer a comprehensive suite of learning options including structured development programs, instructor-led classes, on-demand content, and internal and external workshops. Employees can enhance their performance, prepare for the next phase of their careers, or further a technical skillset. We have a dedicated manager curriculum and connection points to ensure our leaders are armed with the knowledge and tools they need to foster an engaged and productive workforce. As needed, we send employees and leaders to external executive education opportunities.
Our mentor program allows employees to share their expertise and learn from one another. Our intern program creates an entry point into the organization for early-career talent and gives aspiring leaders opportunities to manage small teams temporarily to hone their skills. In 2022, we ran a multi-week business simulation competition to engage a group of employees in an exciting and educational management exercise. We complete a deep Succession Planning exercise and regularly review and revise our plans, including input from our Compensation Committee for employees at the executive level. By identifying high-potential internal talent, we are constantly developing candidates for critical roles and ensuring a strong pipeline of leaders.
