Winning When Borrowers Compare: TRID and United Guaranty's Risk-Based Pricing

June 8, 2015 / John Gaines, Senior Vice President, Chief Underwriting Officer

At more than 1,800 pages, TRID requirements certainly provide a challenge for the housing industry, especially with TRID becoming effective with loan applications submitted on and after August 1.

While the requirements are complex, the main goals of TRID have always been straightforward:

  • Make it easier for borrowers to comparison shop for loans.
  • Simplify mortgage disclosure forms.
  • Enable consumers to better understand options.
  • Prevent surprise fees or costs at closing.


Let's focus on the first of those goals. Transparency is at the heart of TRID, and that's evident in the way CFPB designed new forms to make it easier for borrowers to comparison shop among lenders.

United Guaranty's Performance Premium® provides the best MI price for your borrowers who have been responsible with their credit—meaning you can win more loans and increase borrower satisfaction when home buyers compare pricing.

Performance Premium's risk-based pricing approach has enabled thousands of lenders to save their borrowers millions of dollars in MI premium over the industry's standard rate card pricing. It works by leveraging the loan information you're already using to calculate a more accurate price tailored to the risk of the loan.

For more on TRID, please visit

To learn more about Performance Premium, contact your Account Executive.

John Gaines

John Gaines manages United Guaranty's pricing, credit policy, actuarial reporting and analytics, underwriting modeling, and lender evaluation and management teams. He most recently held the position of Senior Vice President–Deputy Chief Risk Officer at UGC. Gaines joined the company in 1998 in the Structured Products department, which he eventually managed. He has also served as Senior Vice President–National Accounts and COO of United Guaranty's operations in Canada. Gaines is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. He holds a B.S. in Mathematics from Bob Jones University and an M.S. in Mathematics from Clemson University.

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