January 14, 2013
Changes to United Guaranty's Geographic Quality Index (GQX) - Effective February 11, 2013
Effective February 11, 2013, United Guaranty is updating our Geographic Quality Index (GQX®).
Compared to the current GQX list (effective November 19, 2012), approximately 69 markets have improved and 8 have worsened.
Reminder: United Guaranty’s Secure Quote
Remember, United Guaranty's Secure Quote® provides protection against GQX changes that might adversely affect your loan.
How it works:
- Secure Quote provides the most favorable GQX (and pricing version) for 90 days following the rate quote. The GQX for the MI Commitment will be based on the GQX used for the rate quote, or the GQX in effect when the MI submission is received, whichever is most favorable for the loan.
- To receive the benefit of Secure Quote, simply send your UG Quote Number or copy of the quote with your MI submission on or before the quote expiration date. The quote expiration date is 90 days from the original quote date and is provided in the top right of the PDF version of the rate quote.
For more information about these changes please contact our Customer Service Department at 877.MI.CHOICE (877.642.4642). As always, thank you for your business!