United Guaranty Introduces MI NOW Mobile App, the Fastest Way to Get a Rate Quote
Designed in consultation with mortgage loan officers, the MI NOWSM mobile app enables mobile users to establish a solid rate quote by leveraging United Guaranty's Secure Quote®.
GREENSBORO, NC, March 1, 2016
United Guaranty is introducing its MI NOWSM mobile phone app—the fastest way to get a rate quote with the benefits of Performance Premium® pricing. The free download for iPhones is now available to United Guaranty MI Guide® users at the Apple App store.
United Guaranty worked hand-in-hand with loan officers to incorporate a host of flexible features within the MI NOW app, including:
- Providing a rate quote with six required fields (and the flexibility to submit additional information).
- Establishing a solid rate quote. With United Guaranty's Secure Quote®, the MI rate will not increase for 90 days unless the loan changes materially.
- Enabling users to send the quote to their email account and receive a PDF to share and keep for their records.
- Users can edit their current rate quote on the mobile app or access their submitted rate quotes through MI Guide to submit a new application.
The MI NOW app was designed specifically for iPhones with an interface that is easy to read and navigate.
"Today's loan officers are working with borrowers in their homes or at a favorite coffee shop instead of at a desk, and we created the MI NOW app specifically to provide mobile freedom in combination with the certainty of Secure Quote and the advantages of Performance Premium risk-based pricing," said Joe Weider, Executive Vice President and Chief Business Officer, United Guaranty. "MI NOW is convenient, fast, and leverages Performance Premium to generate an individualized price for each loan—allowing for a wider credit box and the ability to reward strong borrowers with better pricing."
MI NOW seamlessly connects with MI Guide to enable users to edit their initial rate quote or submit applications. MI Guide is one of the most comprehensive servicing and claims portals in the mortgage insurance industry. For more information, visit ugmiguide.com.
About United Guaranty2
United Guaranty Corporation and its subsidiaries provide innovative, quality risk solutions that help mortgage lenders remain competitive while generating a profitable and responsible book of business for their stakeholders. Products include first-lien private mortgage insurance—most notably Performance Premium®, an industry-leading risk-based pricing option. Among United Guaranty's suite of loan analysis and risk management tools are indices that measure loan risk and geographic quality. United Guaranty was established in Greensboro, North Carolina, in 1963 and is a company of American International Group, Inc.
1 Once you get the initial rate, you can be certain it will not increase unless your loan changes materially or moves from one common industry FICO band to another (as with any private mortgage insurer).
2 © 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 is a registered mark. Coverage is available through admitted company only.
Jo Fleischer, Director – Media Relations
O: 336.333.0433 | C: 336.609.3957