November 26, 2012
Flexibility for Properties Located in an Area Affected by Hurricane Sandy - Effective November 19, 2012

As communicated in our media release on November 2, 2012, United Guaranty’s policy for new originations impacted by Hurricane Sandy follows Fannie Mae and Freddie Mac’s requirements.

Recognizing the delays that Hurricane Sandy will cause to the mortgage loan process, United Guaranty is allowing the following flexibilities for new mortgage insurance submissions and outstanding Commitments.

These flexibilities apply when:

New Mortgage Insurance Submissions

Note: A manual premium rate adjustment to the Commitment will be necessary to apply the extended Secure Quote period. Please contact United Guaranty’s Customer Service team to request the premium rate adjustment. Please have your United Guaranty Certificate number and UG Quote Number handy to assist with the request.

E-mail: UGC:customerservice
Phone: 877.MI.CHOICE (877.642.4642)

Requests to Extend Expired Commitments

United Guaranty relies on the lender (the Insured) to represent that the property value and condition has not been negatively impacted. As such, United Guaranty will not require the lender to provide a recertification of value.

For more information, please contact your local United Guaranty representative.


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