United Guaranty is the Number One Mortgage Insurance Company for the Fifth Consecutive Year
Sales in 2015 surpassed previous record on the strength of risk-based pricing that delivers savings and a dedication to delivering the highest level of customer service in the industry.
GREENSBORO, NC, February 24, 2016
United Guaranty Corporation is the number one mortgage insurance (MI) company in terms of traditional New Insurance Written (NIW) for the fifth year in a row, according to Inside Mortgage Finance, a leading industry publication.
For 2015, United Guaranty's first-lien NIW exceeded $50 billion. United Guaranty was also the number one mortgage insurance company with respect to traditional NIW from 2011 through 2014.
"We have earned our customers' business for more than 50 years because of our people, service level, and products. We're gratified that lenders continued to reward us with their business at a record level in 2015," said United Guaranty President and CEO Donna DeMaio. "In 2016, our focus will continue to be on building on our strengths, including our solid capital base and our advanced technology, to continue to earn our customers' loyalty."
Ms. DeMaio said United Guaranty's path to growth began in 2009 with the introduction of Performance Premium®, the first truly risk-based pricing in the MI industry. Over the past seven years, United Guaranty has issued more than 1 million quotes with Performance Premium, saving borrowers millions of dollars in premium compared to rate card prices by precisely reflecting the credit risk of each loan.
In addition, United Guaranty offers the industry's best underwriting service—completing most full-file submissions within 24 hours. 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 SecureCert® program, which offers five rescission relief options.
About United Guaranty
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.
Jo Fleischer, Director – Media Relations
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