Homeownership Opportunities About to Improve
TORONTO, April 23 /CNW/ - In an effort to continue providing clients with improved homeownership opportunities, First National Financial LP announced that it will offer clients mortgage insurance through AIG United Guaranty(1). Reflecting a dynamic, changing mortgage landscape and determined to meet the demands of the growing mortgage industry, both companies are committed to further implementing the common vision of improved choice, flexibility and innovation for homebuyers.
Through a comprehensive suite of flexible mortgage solutions and a continued focus on tailoring products to meet the needs of the individual customer, this strategic relationship will prove essential to those interested in purchasing or refinancing a home.
"As the country's largest non-bank originator and underwriter of residential mortgages, we are dedicated to providing clients the service and solutions they want," stated Stephen Smith, President of First National. "Both First National and AIG United Guaranty will continue our shared commitment to driving success through exceptional customer service and product innovation."
According to Andy Charles, President and CEO of AIG United Guaranty, "This new relationship will prove beneficial for both companies. The combination of Canada's largest non-bank mortgage originator with a member company of one of the world's largest insurers will deliver innovative mortgage solutions for Canadians. Together, we will work towards providing enhanced product availability and flexible underwriting policies for mortgage professionals and their borrowers across Canada."
To find out more about AIG United Guaranty and First National Financial, and to discover their plans for improving homeownership, please visit their Web sites at: www.aigug.ca and www.firstnational.ca.
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(1) AIG United Guaranty is a marketing term for AIG United Guaranty
Mortgage Insurance Company Canada.
About First National Financial LP
Voted Best Lender for Broker Service by Taddingstone's Mortgage Broker
Report
First National Financial LP is a Canadian-based originator, underwriter and servicer of predominantly prime residential (single family and multi-unit) and commercial mortgages. With over $24 billion in mortgages under administration, First National is Canada's largest non-bank originator and underwriter of residential mortgages and is ranked third in market share in the rapidly growing mortgage broker distribution channel. For more information, please visit: www.firstnational.ca.
About AIG United Guaranty
United Guaranty Corporation (AIG United Guaranty) and its subsidiaries are member companies of American International Group, Inc. (AIG). The company has been headquartered in Greensboro, North Carolina, since it was established in 1963. Subsidiaries of AIG United Guaranty provide mortgage guaranty insurance for first and second mortgages that protects against mortgage credit losses. In addition, AIG United Guaranty's comprehensive range of financial product and services to lenders and investors includes mortgage fraud recovery services and student loan default insurance. AIG United Guaranty's international locations include offices in Jerusalem, Hong Kong, Beijing, Taipei, Tokyo, Seoul, London, Dublin, Paris, Copenhagen, Warsaw, Milan, Madrid, Budapest, Mexico City, Toronto, and Sydney.
About AIG
American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.