Enact Holdings, Inc. · NASDAQ:ACT
Enact — Investor Presentation (October 2020)
20 slides from Enact's investor presentation, October 2020
Slide 1: Understanding a Significant Derogatory Credit Event
Understanding a Significant Derogatory Credit Event October 2020 Customer Education Brought to you by: Genworth Customer Development and Process Consulting NOTICE: This document contains confidential, non-public company information. Further distribution of this document is strictly prohibited. ©2019
Slide 2: New URLA - Declarations
New URLA- Declarations *New * * * Other Common Issues: – Remember guidelines concerning previous bankruptcy and/or foreclosure requires waiting periods and re-establishment of credit • Additional documentation will be required to verify the event • Each Lender, Investor and MI Company may have r
Slide 3: Credit Report Tradeline Examples
Credit Report Tradeline Examples Public Records Delinquent credit—including taxes, judgments, tax liens, mechanic’s or materialmen’s liens, and liens that have the potential to affect an Investor’s lien position or diminish the borrower’s equity—must be paid off at or prior to closing. Some exceptio
Slide 4: Forbearance
Forbearance A law passed by Congress on March 27, 2020, requires lenders and creditors who agree to account forbearance or modified payments must treat those obligations as “current” if the consumer has trouble making a full payment during the COVID-19 crisis.iii Forbearance is a period during repay
Slide 5: Workout Options
Workout Options Presale/Short Sale The borrower sells the property for an amount that is less than the total amount owed on their mortgage to avoid foreclosure. Deed-in-Lieu of Foreclosure The borrower voluntarily transfers title to and possession of the property to the investor to satisfy the mortg
Slide 6: Bankruptcy
Bankruptcy Chapter 7 Chapter 7 of the bankruptcy code controls the process of asset liquidation. A bankruptcy trustee is appointed to liquidate assets to pay creditors. Chapter 11 Is a form of bankruptcy that involves a reorganization of a debtor’s business affairs, debts and assets, and for
Slide 7: Fannie Mae Selling Guide
Fannie Mae Selling Guide https://selling-guide.fanniemae.com/ Customer Education: Significant Credit Event 6
Slide 8: Fannie Mae Selling Guide
Fannie Mae Selling Guide https://selling-guide.fanniemae.com/ Customer Education: Significant Credit Event 7
Slide 9: Fannie Mae Selling Guide
Fannie Mae Selling Guide https://selling-guide.fanniemae.com/ Selling-Guide/Origination-thru-Closing/Subpart-B3-Underwriting-Borrowers/Chapter-B3-5-Credit- Assessment Customer Education: Significant Credit Event 8
Slide 10: Fannie Mae Selling Guide
Fannie Mae Selling Guide B3-5.3-09, DU Credit Report Analysis (12/04/2019) https://selling-guide.fanniemae.com Customer Education: Significant Credit Event 9
Slide 11: Freddie Mac Selling Guide
Freddie Mac Selling Guide https://guide.freddiemac.com/app/guide/section/5201.1 Customer Education: Significant Credit Event 10
Slide 12: Freddie Mac Selling Guide
Freddie Mac Selling Guide https://guide.freddiemac.com/app/guide/section/5202.5 Customer Education: Significant Credit Event 11
Slide 13: Genworth Underwriting Guidelines
Genworth Underwriting Guidelines
Slide 14: Genworth Rate Express
Genworth Rate Express® & 800 444.5664 | 4 | meraTes UNDERWRITING & GUIDES | LOS & CONNECTIONS | GENWORTH TOOLKIT | TRAINING OUR BLOG | ABOUT US Genworth = a, Mortgage Insurance Rate Express ITIONS THAT MATTER Genworth Mortgage Insurance Rate Cards GenRATE ga YOU year! ttf,.: Quote Sweepstakes Resour
Slide 15: LOS Connections
LOS Connections NA & 800 444.5664 |G | Q Genworth == Ayre Mortgage Insurance mR Search Q S caaiecal @ VIEW ACCOUNT MI & RATES | UNDERWRITING & GUIDES LOS & CONNECTIONS | GENWORTH TOOLKIT | TRAINING OUR BLOG ABOUT US YOU-CENTRIC SOLUTIONS THAT MAT submit on Our Site Genworth Mortgage Insurance LOS Co
Slide 16: Training Tools and Information
Training Tools and Information
Slide 17: Training Tools and Information
Training Tools and Information 16
Slide 18: Additional MI Site Information
Additional MI Site Information
Slide 19: Your Genworth Resources
Your Genworth Resources ActionCenter®: 800 444.5664 Your Local Genworth Regional Underwriter Your Genworth Sales Representative
Slide 20: Legal Disclaimer
Legal Disclaimer Genworth Mortgage Insurance is happy to provide you with these training materials. While we strive for accuracy, we also know that any discussion of laws and their application to particular facts is subject to individual interpretation, change, and other uncertainties. Our train
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