MI NOW: Smartphone Speed and Convenience for Loan Officers

July 22, 2016 / Jayendra Balasubramanian, Vice President, IT

MI NOW: Smartphone Speed and Convenience for Loan Officers

For many loan officers, price is of utmost importance. Speed is next. When it comes to getting a mortgage insurance (MI) rate quote from United Guaranty while on the go, nothing is faster than the MI NOW mobile app for the iPhone.

Today's loan officers work with borrowers at open houses, in favorite coffee shops, and at scores of other non-traditional locations. MI NOW was created specifically to enable mobile freedom beyond an office desk.

This free app for iPhones is now available for download at the Apple App store.

Combining the certainty of United Guaranty's Secure Quote® with the myriad industry-leading advantages of Performance Premium® risk-based pricing, MI NOW is fast, convenient, and perfectly suited to loan officers whose busy schedules often keep them on the move.

Unlike the one-size-fits-all approach of rate cards, Performance Premium considers a comprehensive range of attributes to give borrowers pricing that matches each loan's risk profile.

How does MI NOW work, and why do loan officers need it? Read on to find out:

What Loan Officers Need to Know about MI NOW

United Guaranty worked hand in hand with loan officers in developing MI NOW to make sure the app hosted all the flexible features they require. MI NOW provides a rate quote with just six fields and the option to submit additional information. This is the sort of fast, streamlined, and easy system loan officers need when every second saved can make a difference.

I like the simple user interface with big, easy-to-read letters and quick output. It's obviously not a web version repurposed to fit a phone.

We've received a lot of very positive feedback from loan officers since launching MI NOW in March, including comments like:

  • "It makes getting a quote pretty quick and painless."
  • "I like the simple user interface with big, easy-to-read letters and quick output. It's obviously not a web version repurposed to fit a phone."
  • "It's so fast, I use it in the office with borrowers instead of my desktop computer."

With Secure Quote, the MI rate provided by the app will not increase for 90 days unless the loan changes materially. Not only that, MI NOW enables users to send the quote to their email account and receive a PDF for record keeping or sharing with the borrower.

Getting updated MI rate quotes anywhere, at any time, is now possible through MI NOW. Users can edit their current rate quotes on the mobile app or access their previously submitted quotes through United Guaranty's MI Guide® to submit an entirely new MI application. For loan officers who increasingly find themselves working with borrowers away from their desks, the app serves as an ideal solution.

Leveraging Performance Premium to generate an individualized price for each loan is easier than ever before with the United Guaranty MI NOW app.

For more information, visit the Apple App Store's page devoted to United Guaranty's MI NOW app.

Jai Balasubramanian

Jai Balasubramanian is vice president, Information Technology. He is responsible for all customer-facing digital solutions across United Guaranty, including third-party vendor integrations and customer-facing web and mobile solutions. He is leading transformational efforts to build our websites and applications from the ground up with the voice of the customer as our foundation. Jai also oversees IT finance and facilities. He joined United Guaranty in February 1998 and has held various positions within the IT department. Jai earned his bachelor of engineering in computer science from Chennai University, India.

© 2016 United Guaranty Corporation. All rights reserved. United Guaranty is a marketing term for United Guaranty Residential Insurance Company and United Guaranty Mortgage Indemnity Company. United Guaranty, United Guaranty's Secure Quote, MI Guide, and Performance Premium are registered marks. MI Now is a service mark. Coverage is available through admitted company only.