MI-Only Underwriting
AT PMI, we give you choices.
If you are not using our Contract Underwriting or PDQ Delegated Underwriting services but still need mortgage insurance, you can submit MI-only loans to PMI in one of two ways. We will then underwrite your submissions in accordance with PMI guidelines and, if the loan is eligible, issue your MI certificate.
Full Documentation: Complete the PMI Application and submit along with required documentation to one of our Regional Operations Centers.
Quick App: typically requires less documentation than Full Doc loans. Complete the PMI Application and submit along with required documentation to one of our Regional Operations Centers.
If your loan qualifies, PMI will issue a Certificate of Insurance based on the information detailed in the submitted documents. You simply retain the remaining loan information as part of your file.
For documentation requirements, please refer to pages 5-6 of the PMI Program Guideline Summary. For more information about Full Documentation or Quick App, contact your local PMI representative or call 800.966.4PMI (4764).
