January 13, 2012
Performance Premium Pricing Update Effective February 13, 2012
United Guaranty is updating Performance PremiumSM, our risk-based MI pricing, for mortgage insurance applications and rate quote requests received on or after February 13, 2012 (subject to state approval).
- We’re combining our borrower-paid and lender-paid Single Premium plans into one Singles plan.
- As with most of our pricing updates, some loans will have lower premium rates, and some will have higher premium rates. You’ll find that we continue to offer better pricing for your lower-risk loans—and for most loans, our prices remain lower than our competitors’.
Don’t forget! When you use United Guaranty’s Secure Quote,SM you don’t have to worry about changes to our Performance PremiumSM model or GQX affecting the loans in your pipeline. Just remember to save your quote and include the quote number in your MI submission. If we make changes to our Performance Premium model or GQX between the time you save your quote and the time you submit the loan for MI (up to 60 days), we'll honor the more favorable model or GQX.
Note: United Guaranty’s Secure Quote does not apply if the Property State, ZIP Code, Property Type, or Occupancy Status changes.
To learn more about Performance Premium, please contact your United Guaranty representative.
For help with underwriting and pricing, call 877.MI.CHOICE (877.642.4642) or email UGC:customerservice.