September 30, 2014
Underwriting Requirements Guide Update - Effective October 1, 2014
United Guaranty has updated its Underwriting Requirements Guide (the Guide) effective October 1, 2014. The following changes have been made:
- All References to RAP® or Reporting Acceptance Program® have been replaced with delegated data submission (delegated) to coincide with United Guaranty’s new Master Policy.
- The information announced on August 19, 2014, within CA 2014-04—“Requirements on Bankruptcies and Charge-Offs Involving Mortgage Debt”—has been added.
- We have clarified that manufactured housing with structural modifications—which may include, but are not limited to, additions to the original structure or substantial remodeling—is ineligible (as with any other manufactured housing unit).
The Guide and the following updated documents will be available on our website on October 1, 2014.
Please contact your United Guaranty Account Representative if you have questions about this announcement. For questions regarding underwriting requirements or submissions, contact our Underwriting Customer Service Team at 877.MI.CHOICE (877.642.4642) or email UGC:customerservice.