We are excited to partner with CUNA Mutual Group to offer private mortgage insurance to their credit union customers. Our partnership brings together two strong financial organizations that share a passion for serving credit unions, building relationships and helping members to achieve financial security through homeownership.
Partners rooted in shared Midwestern values
Located less than 90 miles apart in Wisconsin, our companies are committed to integrity, stability and expertise. Our MGIC and CUNA Mutual Group team offers a reliable MI solution to credit unions. Proven trustworthy for a combined 150 years, both companies are rock solid and can be counted on to honor commitments – even during difficult economic cycles.
Peace of mind for you
Since 1957, MGIC has helped more than 10 million people achieve homeownership. Even after paying a total of $16.5B in claims after the Great Recession of 2008, our financial strength has remained steadfast. Our current assets are well in excess of stringent regulatory standards, and A.M. Best rates our company as ‘A-’ (Stable). As of March 31, 2020, MGIC had $225.5 billion in primary insurance in force. Rest assured, MGIC will be here for you.
Benefits beyond mortgage insuranceIn addition to MI, we offer CUNA Mutual Group’s credit union customers a wealth of value adds, such as training, a designated credit union underwriting team and two unique offerings to help capture more of your members’ mortgage business:
Our Lender Landscape® lead generation and marketing execution tools help you increase mortgage originations and retain members. Using our proprietary analytics, we can identify members with mortgages outside of your credit union who are most likely to prepay, refinance or purchase a new home within the next 6 months. We can then leverage this data to proactively target them with marketing offers to first consider your credit union for their mortgage needs.
We’ve created guidelines and programs that stretch beyond GSE limits to help you serve more of your members using the power of your portfolio. With our off-the-shelf portfolio lending solution, called Portfolio Playbook™, you can increase your loan-to-share, decide how much risk you want to take by choosing the level of MI coverage, offer unique products in your marketplace and put more members in homes.