September 4, 2013
United Guaranty Introducing Improved Commitment and Certificate - November 1, 2013
As a result of requests from our customers, United Guaranty will introduce an enhanced Commitment and Certificate for loans insured beginning November 1, 2013 (click here for a sample).1
These changes include more information about the loan and MI coverage, easier activation, and tracking features for version numbers and data or detail changes.
Detailed premium and loan transaction information now appear on two pages.
- New fields include borrower, property, mortgage and underwriting information as well as additional borrowers (if applicable).
No lender signature is required to activate the Certificate.
- Non–Post Pay® Commitments: submit premium with the closing date to place the Certificate in force.
- Post Pay® Commitments: continue to use Loan Boarding (EDI), United Guaranty’s MI Guide,® email, or fax to activate the Commitment and Certificate.
Tracking data added to the footers of pages 1 and 2:
- Version number.
- Date/time stamp.
- Arrow that indicates amended data.
New identifiers highlight and track changes.
- An arrow (←) identifies each change made to the current version of the Commitment and Certificate. Arrows are removed when the Commitment becomes a Certificate.
- The term "Amended" prints on the Certificate if there has been a change in the data since the Certificate was activated.
The process for getting a Commitment and Certificate from United Guaranty will not change.
We hope you’ll find these enhancements make it even easier to do business with us. If you have questions, please contact your United Guaranty Account Representative or:
United Guaranty Customer Contact Center
United Guaranty Underwriting Customer Service
877.MI.CHOICE (877.642.4642) Option 1