Enact Holdings, Inc. operates as a holding company which provides mortgage insurance services. The company is headquartered in Raleigh, North Carolina and currently employs 496 full-time employees. The company went IPO on 2021-05-13. The firm is engaged in the business of writing and assuming residential mortgage guaranty insurance. The firm operates its business through its primary insurance subsidiary, Enact Mortgage Insurance Corporation, (EMICO). The insurance protects lenders and investors against certain losses resulting from nonpayment of loans secured by mortgages, deeds of trust, or other instruments constituting a lien on residential real estate. The firm offers private mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans. Its primary mortgage insurance enables borrowers to buy homes with a down payment. Its primary mortgage insurance also facilitates the sale of these low-down payment mortgage loans in the secondary mortgage market, which are sold to government-sponsored enterprises. The company also performs fee-based contract underwriting services for mortgage lenders.