November 16, 2012
United Guaranty's Secure Quote Period is Changing to 90 Days - Effective November 19, 2012
What is changing?
The effective period for Secure Quote is being changed - which locks in the Performance Premium® pricing version used for your quote - to 90 days.
This change gives United Guaranty customers an extra 30 days to submit their loan for a mortgage insurance commitment and receive the benefits of Secure Quote. The enhancement is effective November 19, 2012,for all existing and new quotes.
- All existing quotes will receive the additional 30 days to the original Secure Quote expiration date. If you prefer, you may print a new rate quote pdf to indicate the new Secure Quote period (please note that some LOS systems may not update the expiration date, but the extension still applies).
- All rate quotes issued on or after November 19 will automatically receive the 90-day Secure Quote period.
- Rate quoting systems, which include Rate Runner®, LOS and Product & Pricing Engines, will provide the new 90-day Secure Quote period to both new and existing quotes.
- Origination systems, including RAPid Link® and LOS integrations, will accept the 90-day Secure Quote period for MI submissions.
In coming weeks, United Guaranty will be updating all reference materials on ugcorp.com to reflect Secure Quote's extended period. We appreciate your patience while we make these updates.
Lenders should remember to send the UG Quote Number with MI submission.
More information about Secure Quote is available on United Guaranty's website (see United Guaranty's Secure Quote FAQ). Please contact your United Guaranty Account Representative with questions about this announcement.
United Guaranty is a marketing term for United Guaranty Residential Insurance Company and United Guaranty Mortgage Indemnity Company. United Guaranty, Rate Runner, RAPidLink, and Performance Premium are registered marks. Coverage is available through admitted company only.