May 10, 2018
CUA 2018-02-AMGC - Introducing Arch Mortgage Guaranty Company’s New Community Program

Effective May 10, 2018, Arch Mortgage Guaranty Company (AMGC) will offer our new Community Program. The Community Program is a high-LTV program for credit union members with essential community occupations. The program will be offered to two tiers of members:

The Community Program will be available to all AMGC Master Policy holders. The use of RateStar℠ pricing is required. Single premium plans are not available for this program. Two new categories, Community Experts and Community Heroes, will be added to the Program Name drop-down in RateStar. The appropriate category must be selected when requesting a rate quote for this program.

Loans insured under the Community Program will be capped at a maximum 25% of the new insurance written (NIW) annually per credit union, to be reviewed quarterly.

All MI applications must be submitted non-delegated. Click here to review the Community Program underwriting requirements.

The Community Program will be added to the AMGC underwriting manuals during the next update. Until that time, you may use the requirements as presented in this announcement or on the Community Program Underwriting Requirements Document, that will be available at archmicu.com/community.

For more information, please contact yourArch MI Account Manager.

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CUA 2018-02-AMGC

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