When your application for mortgage insurance is approved, we issue a Commitment/Certificate of Insurance. This document provides you with a concise, comprehensive view of the mortgage insurance coverage on a specific loan.
Now we’ve made it even easier to understand• Introducing a new cleaner design that better aligns with industry commitment/certificates• Similar content has been grouped, like combining LTV/GLTV/CLTV fields into one line• Duplicate fields or references have been removed• We’ve re-labeled simplified fields: LTV Range is now “Plan LTV”; Loan Amount is now Base Loan Amount; Special Underwriting Conditions is now Conditions• We’re focused on displaying data that pertains to the mortgage
insurance premium plan only.
Commitment/Certificate Tips• This document is used before the loan closes to serve as our Commitment to insure the loan. Once the loan closes, Genworth has been notified to activate coverage, and any applicable premium has been paid, this document serves as the insurance Certificate and extends coverage to the loan. • Did something on the loan change after the Commitment was issued? You will need to resubmit your Application if these changes alters a loan’s eligibility, pricing, or any of the terms under which the Commitment was issued.• If you have a Commitment change (i.e., date entry error, zip code change), simply email your request (subject line “Commitment Amendment”) to [email protected] and we’ll send a revised Commitment in 30 minutes (or less).*• Submit, track, activate Commitments, and manage your loan pipeline at mi.genworth.com. Log on to access My Genworth MI. It’s your one-stop destination for MI submissions. Whether it’s for standalone mortgage insurance, Enhanced Coverage Commitments, Contract Underwriting, or special programs like High LTV Refinance, Genworth has you covered.
For additional details or questions, contact your Genworth sales representative, the ActionCenter® at 800 444.5664, or visit mi.genworth.com.
*Additional documentation may be required and changes requiring escalation to the Regional Underwriting team may exceed 30 minutes. Certificate changes require 24 hours. Learn more about Commitment Amendments by visiting mi.genworth.com.
Commitment/Certificate Number:Lender Loan Number:Attention to:
PageDate Printed:
Renewal Type
Renewal Rate (yrs 2 - 10)
Renewal Rate (yrs 11 - term)
Premium and Tax Information Rate Amount
Base Loan Amount
Financed Premium Amount
Insured Loan Amount
Loan Type
Loan Repayment Type
Loan Purpose
Amortization/Loan Term (Mos)
Sales Price Property Value LTV/CLTV/GLTV OccupancyRepresentative Credit Score
Commitment/Certificate Number Commitment Effective Date Commitment Expiration Date Commitment Updated Premium Payment Option Term of CoveragePlan LTVCoverage Premium Refundability Delegated/Non-Delegated
Genworth Mortgage Insurance Corporation hereby issues this Commitment/Certificate of Insurance (C/C) for the loan herein described, subject to: (1) the termsand conditions of the Policy and (2) any conditions to the extent set forth below; and in reliance upon the Application, supporting materials, and other informationprovided in connection with this mortgage insurance transaction. Insurance coverage will begin as of the Certificate Effective Date subject to payment ofpremium as required in the Policy and as provided for in the mortgage insurance activation instructions.
Initial Insured or Servicer InformationInitial Insured or Servicer Name
Initial Insured or Servicer Address
First Year Annualized Premium
First Premium
Surcharge
Municipal Tax
County Tax
Initial Total
1 of 2
MP1980/cc (03/20)
SAMPLE
Borrower and Property InformationBorrower NameCo-Borrower Name(s)
Property Address
PageDate Printed:
Lender Loan Number:Commitment/Certificate Number:
Genworth Mortgage Insurance Corporation
.
Initial Insured Representation: By activating the insurance coverage, the initial Insured represents that, as of the Certificate Effective Date: (1) the abovedescribed loan transaction has closed; (2) the loan information in this C/C is true and correct and we may rely upon it in extending coverage; (3) therepresentations made by the initial Insured at the time the Application was submitted are still true and complete in all material respects and nothing material hasbeen omitted regarding such information; there are no material changes in any statement contained in the Application, supporting documentation, orrepresentations; and the information in the Origination File or Closing File is not materially inconsistent with the Application; (4) if the Application was submittedunder our delegated underwriting program, the loan meets our Underwriting Guidelines in all material respects; (5) the loan is not in Default; and (6) allconditions, if any, identified on this C/C have been fully satisfied.
