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.
Access easy-to-use resources to see our most current guidelines, review how to avoid appraisal-related issues, compare quotes on up to 5 PMI rate plans, and much more: PDQ Dashboard.
Submitting your PDQ application is easy electronically, using e-PMI® or ediMXL formats. Applications can also be faxed to PMI’s National Underwriting Center.
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 the reason 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:
- LTV
- Loan Amount
- Credit Score
- Occupancy
- Loan Purpose
- Property Type
- Property Location (Distressed Markets)
- Documentation Type
- DTI
To learn more about our delegated underwriting options, contact your PMI representative or the PMI National Underwriting Center. Or call 800.966.4PMI (4764).
*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.
