United Guaranty Leads Mortgage Insurance Industry for Fourth Consecutive Year
Top ranking reflects mortgage industry’s support for the company’s customer-focused initiatives and risk-based pricing.
GREENSBORO, NC, February 23, 2015
United Guaranty Corporation is the number one mortgage insurance (MI) company in terms of traditional New Insurance Written (NIW) for the fourth year in a row. In addition to recording the most NIW for 2014, United Guaranty continues to lead the MI industry with unparalleled customer service, including providing 24-hour turnaround on more than 98 percent of full-file submissions during 2014.
For 2014, United Guaranty's first-lien NIW exceeded $42 billion. United Guaranty was also the number one mortgage insurance company with respect to traditional NIW in 2011 through 2013.
"We've focused intensely on enhancing customer service, and it's gratifying to see that our lender partners are responding to these initiatives," said United Guaranty President and CEO Donna DeMaio. "Our work to improve customer service is far from finished, and our chief goal during 2015 is to make United Guaranty an even more customer-focused company."
United Guaranty offers the industry's best underwriting service—completing 98 percent of full-file submissions within 24 hours during 2014 (with more than 120,000 full-file submissions). For lenders, full-file submissions reduce the chance of rescissions and buybacks. United Guaranty assumes the responsibility for MI underwriting and offers Day One rescission protection at closing through its SecureCertSM program, which offers five rescission relief options.
About United Guaranty1
United Guaranty Corporation and its subsidiaries provide certainty to mortgage lenders through world-class underwriting, quality risk solutions, and dynamic pricing available through Performance Premium,® the industry's only MI pricing that is truly risk-based. Established in Greensboro, North Carolina, in 1963, United Guaranty is a company of American International Group, Inc.
Jo Fleischer, Director – Media Relations
O: 336.333.0433 | C: 336.609.3957
1United Guaranty is a marketing term for United Guaranty Residential Insurance Company and United Guaranty Mortgage Indemnity Company. United Guaranty is a registered mark. SecureCert is a service mark. Coverage is available through admitted company only.