Delegated Underwriting

Delegated Underwriting

With delegated underwriting, we provide lenders with the assurance and flexibility they need to originate more loans. We are excited to offer Rescission Relief, which provides rescission relief for qualifying loans in less than 12 months after successful Independent Validation is completed.
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Delegated Lender Benefits:
The lender can select one of the following two delegated rescission relief options:
  • Delegated with Independent Validation applies to lenders who elect to submit the post-close origination and closing documentation package to National MI. Upon completion of successful Independent Validation.

  • Delegated without Independent Validation applies to lenders who do not elect to submit their delegated loans to National MI for Independent Validation, and rescission relief is provided upon 36 months of timely payments.
Both rescission relief options reflect National MI’s common-sense and flexible approach to underwriting decisions with no surprises or hidden agendas.
Delegated Assurance Review (DAR):
Our DAR process provides an underwriting review that benefits your loan manufacturing quality and provides more confidence to meet National MI insurance requirements. Our review process includes:
  • Independent Validation after commitment activation providing early rescission relief
  • Trend analysis and feedback
  • Confirmation of loan insurability
  • Identification of loan manufacturing defects
After a successful Independent Validation through the DAR process, coverage will not be rescinded based on the original approved underwriting of the loan (including the appraisal), subject to the Master Policy and all life-of-coverage exclusions.
National MI is committed to providing a straightforward, high-quality loan process that ensures confidence of coverage in addition to flexible options that best fit your needs, whether you choose early rescission relief with Independent Validation.
For more information, contact your National MI Sales Advisor or Solution Center at 855.317.4NMI (4664) between 5am and 5pm PT (M-F).