CMG Mortgage Insurance Debuts EZ Decisioning

Posted by Orb Staff on January 18, 2012 No Comments
Categories : FYI

San Francisco-based CMG Mortgage Insurance Co. has launched a new set of program guidelines called EZ Decisioning.

According to the company, conforming mortgage loans that meet the EZ Decisioning criteria and have received a valid Desktop Underwriter Approve/Eligible, Desktop Underwriter Expanded Approval/Eligible or a Loan Prospector Accept/Eligible are eligible for CMG coverage.

In addition to a streamlined submission process and faster turnarounds, the EZ Decisioning program features some expanded eligibility guidelines, dropping credit scores down to 620 for loan-to-value ratios of lower than 95%. Borrower contributions have been eliminated for borrowers with credit scores of 720 and above, according to CMG.Â

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