GREENSBORO, N.C.--(BUSINESS WIRE)--United Guaranty Corporation has been ranked the number one mortgage insurance company by sales (defined as first-lien new traditional mortgage insurance written, or NIW) and market share for each of the past two years, according to Inside Mortgage Finance, a leading industry publication.
United Guaranty set a corporate record in 2013 with NIW totaling nearly $49.4 billion, with 28.1 percent market share, according to the February 21 issue of Inside Mortgage Finance. In 2012, United Guaranty topped the same list with NIW of just under $37.3 billion and market share of 28.4 percent.
“Being recognized as the number one U.S. MI provider in 2013 and 2012 is a reflection of how lenders have embraced the efforts of United Guaranty’s employees to deliver higher levels of customer service, ease of use, and innovation,” said United Guaranty President and CEO Donna DeMaio. “In 2014, we’ll continue to focus on our overall goal of providing lenders with an unrivalled level of certainty, and it’s gratifying to see how those efforts are solidifying relationships with our lender partners and attracting new customers.”
United Guaranty is an industry leader in a number of categories, including financial strength—as evidenced by recently released positive ratings actions.
In addition, United Guaranty’s Performance Premium® is the only MI pricing that is truly risk-based. Introduced in 2009, Performance Premium differs from the one-size-fits-all approach that’s typical in the industry. Performance Premium rewards higher-quality loans with lower rates by considering a comprehensive range of risk attributes to generate an individualized price for each loan.
United Guaranty also offers the industry's best underwriting service—completing nearly 100 percent of submissions within 24 hours (with approximately 130,000 full-file submissions in 2013).
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.
1 United Guaranty is a marketing term for United Guaranty Residential Insurance Company and United Guaranty Mortgage Indemnity Company. United Guaranty and Performance Premium are registered marks. Coverage is available through admitted company only.