December 20, 2012
Term of Conditional Commitment Extended to 60 Days – Effective December 21, 2012
Effective December 21, 2012, the term of United Guaranty’s Conditional Commitment has been extended from 30 days to 60 days, in order to provide full support of the time lenders need to process mortgage loan applications.
- Conditional Commitments issued on or after the effective date of this change now have a term of 60 days.
- Conditional Commitments with a 30-day term that were issued within 60 days prior to the effective date of this change are eligible for the new 60-day term.
(Issuing an updated Conditional Commitment reflecting the new 60-day term is not necessary for United Guaranty to provide the new extended term. However, if you wish to obtain an updated Conditional Commitment for your loan file, please contact United Guaranty’s Underwriting Customer Service team at 877-642-4642, option 1 for assistance.)
Please contact your United Guaranty Account Representative with any questions about this announcement.