Contract Underwriting

Our seasoned professionals are ready to assume the responsibilities of underwriting your mortgage loans. They will underwrite to your specific criteria or to your investors' guidelines*, as well as inform you if underwriting guidelines have been met.

Mortgage loan underwriting will be performed when all required documentation has been received. One of three determinations will be made regarding the file: If the loan meets underwriting criteria, an Approval Notice will be delivered to your Credit Union.

If the loan does not meet underwriting criteria, but requires more information for a final decision, a Suspense Notice will be issued to your Credit Union. At this point, you will have 15 days to provide more data in order for the file to be reviewed again.

If the loan is not approved, a Decline Notice will be delivered to your Credit Union. Mortgage insurance underwriting will be conducted on loans that are approved, and if MI coverage has been requested.

*Investor or Credit Union must have a current contract with CMG Mortgage Insurance Company.

For more information, contact your CMG MI Account Executive, or call CMG Mortgage Insurance at (800) 909-4264.

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