March 1, 2017
CUA 2017-03 Credit Union Underwriting Requirement Changes (Complete Detail) and New Underwriting Manual - Effective March 1, 2017

As announced in CUA 2017-02, effective March 1, 2017, Arch MI and United Guaranty will combine their underwriting requirements into a single Credit Union Underwriting Manual (the Manual) to be used by all customers.

In CUA 2017-02, we highlighted the one underwriting requirement change from the previous United Guaranty Credit Union Underwriting Guide that required a 30-day notice and listed some highlights of the many expansions that would occur. This announcement describes in detail all the underwriting requirement changes that become effective March 1, 2017.

CU SwiftClose® Underwriting Requirement Changes

Combined Loan-to-Value (CLTV) Ratio:


Property–Manufactured Homes:

Desktop Underwriter (DU) and Loan Product Advisor Eligible Recommendations:

Subordinate Financing:

Number of Loans Insured per Member:

Standard Underwriting Requirement Changes

LTV/Loan Amounts/Credit Score/DTI Requirements:




Adjustable Rate Mortgage (ARM) Qualifying Rate:


Subordinate Financing:

Jumbo Loans:

Medical and Dental Professionals Programs:

Number of Loans Insured per Member:

Please contact your Arch MI Account Executive if you have questions about this announcement.

© 2017 Arch Mortgage Insurance Company. All Rights Reserved. “Arch MI” is a marketing term for Arch Mortgage Insurance Company and Arch Mortgage Guaranty Company. “United Guaranty” is a marketing term for United Guaranty Residential Insurance Company and United Guaranty Mortgage Indemnity Company (coverage from United Guaranty is available through admitted company only). CU SwiftClose is a registered mark of Arch Capital Group (U.S.) Inc. or its affiliates. Desktop Underwriter, DU, and Community Seconds are marks of Fannie Mae. Loan Product Advisor and Affordable Seconds are marks of Freddie Mac.

CUA 2017-03

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