PDQSM Delegated Underwriting
PMI Partner Delivered Quality® translates to flexibility and ease in working with us.
As an approved PMI delegated lender, you are eligible for PDQ’s many benefits:
- Streamlines the underwriting process with the ability to approve loans for MI at the point of application.
- Applicable to all PMI programs, as well as Desktop Underwriter® or Loan Prospector® “Eligible” loans.
- Acceptance of your own underwriting guidelines, upon review and approval by PMI.
Instant Alerts help PDQ lenders meet our guidelines.
Our e-PMI and EDI Origination systems* generate instant alerts as soon as you submit information that falls outside acceptable parameters for one or more of the key loan characteristics driving eligibility. So you'll know exactly why – right away.
Here's an example of an alert for an LTV greater than 95%:
Following is a list of the key loan characteristics covered by our instant alerts:
- Loan Amount
- Credit Score
- Loan Purpose
- Property Type
- Property Location (Distressed Markets)
- Documentation Type
*e-PMI and EDI are not underwriting systems, and cannot validate income, assets, appraised value, seller contributions, TPO information, CLTV, high-cost area criteria, etc.