United Guaranty Leads Mortgage Insurance Industry for Fourth Consecutive Year
February 23 2015 - 11:30AM
Business Wire
Top ranking reflects mortgage industry’s
support for the company’s customer-focused initiatives and
risk-based pricing
United Guaranty Corporation is the number one mortgage insurance
(MI) company in terms of traditional New Insurance Written (NIW)
for the fourth year in a row. In addition to recording the most NIW
for 2014, United Guaranty continues to lead the MI industry with
unparalleled customer service, including providing 24-hour
turnaround on more than 98 percent of full-file submissions during
2014.
For 2014, United Guaranty’s first-lien NIW exceeded $42 billion.
United Guaranty was also the number one mortgage insurance company
with respect to traditional NIW in 2011 through 2013.
“We’ve focused intensely on enhancing customer service, and it’s
gratifying to see that our lender partners are responding to these
initiatives,” said United Guaranty President and CEO Donna DeMaio.
“Our work to improve customer service is far from finished, and our
chief goal during 2015 is to make United Guaranty an even more
customer-focused company.”
United Guaranty offers the industry’s best underwriting
service—completing 98 percent of full-file submissions within 24
hours during 2014 (with more than 120,000 full-file submissions).
For lenders, full-file submissions reduce the chance of rescissions
and buybacks. United Guaranty assumes the responsibility for MI
underwriting and offers Day One rescission protection at closing
through its SecureCertSM program, which offers five rescission
relief options.
About United Guaranty1
United Guaranty Corporation and its subsidiaries provide
certainty to mortgage lenders through world-class underwriting,
quality risk solutions, and dynamic pricing available through
Performance Premium,® the industry’s only MI pricing that is truly
risk-based. Established in Greensboro, North Carolina, in 1963,
United Guaranty is a company of American International Group, Inc.
(NYSE:AIG)
MC-2-A1107-0215
1 United Guaranty is a marketing term for United Guaranty
Residential Insurance Company and United Guaranty Mortgage
Indemnity Company. United Guaranty and Performance Premium are
registered marks. SecureCert is a service mark. Coverage is
available through admitted company only.
United Guaranty CorporationJo Fleischer, 336-333-0433C:
336-609-3957Director–Media Relationsugcorp.com
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