AMI-395-12-16-NR Loan Originator Booklet

Mortgage Loan Originator
MI Resource
ARCH MI. ORIGINATE WITH US.
RATES, QUOTES, GUIDELINES AND SERVICE INFORMATION
CAN BE FOUND AT ARCHMI.COM
ARCHMICONNECT
CALL: (800) 383-4264
UNDERWRITING NETWORK
CALL: (888) 746-6264
underwriting@archmi.com
LOAN ORIGINATOR
MASTER POLICY #
SUPPORTYour Arch MI Account Manager

VALUE OF MI
The Buying Power of MI 3
Basics of MI 4
Why You Should Offer High LTV Loans with MI 6
EZ Decisioning Program 7
How FHA Compares 8
MI REQUIREMENTS
MI Coverage Requirements 9
Required Documentation for MI Requests 10
MI Cancellation 11
Tax-Deductible MI 12
TOOLS & HOW-TO
Best Practices for Faster Underwriting Turnaround 13
Mobile App 14
Arch MI RateStar 15
Originate MI with ArchMIConnect 16
PRODUCTS
PicketFence Program for First-Time Homebuyers 17
MI Coverage for 97% LTV Loans 18
HomeReady® 19
AMGC Portfolio Power and RateStar 20
RESOURCES
Roadmap to Homeownership 21
Complimentary Training Webinars 22
Online Homebuyer Education 24
EZ Decisioning Gift Funds Guidelines 26
HaMMR 27
Lykken on Lending 28
I
SECTION PAGE
II
III
IV
V
Table Of Contents
MORTGAGE LOAN ORIGINATOR MI RESOURCE

ARCH MI. ORIGINATE WITH US. Page 3
Arch MI can Increase BUYING POWER
Mortgage Insurance, also called MI, private MI or PMI is generally required on mortgages with down
payments less than 20% of the property value. MI reduces the amount a lender loses in the event that
borrowers do not repay their mortgage.
ƒƒ Without the guaranty of mortgage insurance, lenders normally require a borrower to make a down payment of at
least 20% of a home’s purchase price, which can mean years of saving for some borrowers
ƒƒ This large down payment assures the lender that the borrower is committed to the investment and will try to
meet the obligation of monthly mortgage payments to protect the investment
ƒƒ A low down payment also allows borrowers to purchase more home than they might otherwise be able to afford
WITHOUT MI WITH MI
A $20,000 down payment with mortgage insurance increases BUYING POWER
You could make a 10% down
payment on a $200,000 home
VALUE OF MI

VALUE OF MI
Congratulations!
You’ve decided to buy a home of your
own. This is a major life decision that
requires careful planning.
One important question you
must consider:
Can you only afford a down
payment that is less than 20%
of the home’s purchase price?
If the answer is yes, you should know about
private mortgage insurance, as your lender
may require it for your loan.
Basics of Private Mortgage Insurance
What is private mortgage insurance?
Private mortgage insurance, or MI, is a type of financial
guaranty that helps protect your lender from losses should
you lose your home due to default on your loan. Private MI
allows your lender to accept a lower down payment than
might normally be required without this added protection.
Why does my lender need private MI on my loan?
Private MI is usually required by lenders when the borrower
is unable to contribute at least 20% of their own funds
to purchase the home, as there is a greater risk of default
associated with such loans.
By limiting the lender’s risk, private MI enables the lender
to make low-down-payment mortgages affordable and
available to you.*
What is covered by private MI?
Private MI protects the lender in the event of borrower
default and subsequent foreclosure on the home. Even
if you have an excellent credit record and the capability
to meet mortgage payments, private MI may be required
for any loan with a down payment of less than 20% of the
purchase price of the home.
Who pays for this insurance?
Your lender takes care of applying for private MI coverage
on your loan after determining the kind of plan you can
afford and that best fits your needs.
Typically, the lender will remit the mortgage insurance
premium to the mortgage insurer, similar to the way
a mortgage servicer may remit the property taxes and
homeowner’s insurance premium.
The cost may be added to your monthly principal and
interest payment (along with your property taxes and
homeowner’s insurance) or premiums may be financed
into the loan amount. Premiums may be payable monthly,
annually, or in a single up-front payment, depending on
the payment plan your lender selects.
Why is it called private MI?
It is called “private” because it is offered through private
MI companies as opposed to similar products available
from public agencies such as the FHA (Federal Housing
Administration) or VA (Veterans Administration).
Q Q
Q
Q Q
A A
A
A A

Basics of Private Mortgage Insurance (cont’d)
What are the advantages to using private MI instead
of the public programs?
ƒƒ FHA does not offer a choice in premium plans to
consumers
ƒƒ FHA requires both up-front and monthly premiums
ƒƒ For borrowers with good credit profiles who make at
least a 5% down payment, private MI coverage is usually
less expensive than the FHA’s
ƒƒ FHA insurance is not cancelable for LTVs > 90%
Is private MI tax-deductible?
Congress has extended the mortgage insurance tax
deduction for MI premiums through December 31, 2016.
For more information, consult your tax advisor.**
Will this policy make mortgage payments in the
event of my death or disability?
No. Credit life insurance and credit disability insurance
protect you from losing your home in the event of death or
disability, according to the terms of the insurance policy.
MI protects only the lender in the event you lose your
home due to default for any reason.
How does private MI affect my monthly
mortgage payments?
The private MI premium may be added to your monthly
payment, along with property taxes and homeowner’s
insurance, or it may be included in your monthly principal
and interest payment if the premiums are financed or if
the lender chooses not to directly pass on the costs of the
premiums to you.
The amount of that premium is based on the amount
and terms of the mortgage and will also vary according to
such other factors as the amount of your down payment,
type of loan and level of insurance coverage required by
your lender.*
How are premiums paid?
The premiums may be paid in several different ways:
ƒƒ A monthly plan, where no initial premium may be
required but a regular monthly premium is added to
your monthly mortgage payment and sent to the
mortgage insurance company by your lender. This plan
can minimize the costs needed at closing.
* Consult with your lender for a homebuying decision that makes financial sense for you.
** Arch MI cannot provide tax advice. Taxpayers should consult their own tax advisors concerning applicability of the deduction to their
particular circumstances under the Internal Revenue Code and the laws of any other taxing jurisdiction. This information is not intended or
written to be used, and it cannot be used, for the purposes of avoiding U.S. federal, state or local tax penalties.
*** Certain other conditions apply. Consult your lender.
ƒƒ An annual plan, which is less expensive than monthly
mortgage insurance, requiring you to pay an initial
premium at closing and a renewal premium each year.
The renewal premium will be included in your monthly
mortgage payment and put into escrow for annual
collection. The initial premium may be financed into the
mortgage loan. You may receive a refund of the unearned
premium when the coverage cancels.
ƒƒ A single premium plan, where the entire premium is paid
at one time, up-front, and depending on the amount
of your down payment, may be financed into the loan
amount at closing. This option generally minimizes
the monthly mortgage payments of the borrower, and
a portion may be refundable in the event your loan is
paid off or meets the mortgage insurance cancellation
requirements outlined below. In addition, the interest on
the portion of the loan amount used to finance the MI
premium may be tax-deductible.**
ƒƒ Premiums may also be paid by your lender without
directly passing along the cost to you. In such
circumstances, the lender may offset the cost of mortgage
insurance by increasing the finance charges for the loan
by a corresponding amount, potentially making the entire
cost of the premiums tax-deductible.**
Are private MI costs paid for the life of the mortgage?
The Homeowners Protection Act of 1998 requires lenders
to cancel mortgage insurance when a home loan amortizes
to 78% of the home’s original value, subject to certain
conditions, or at the mid-point of the amortization period,
whichever comes first.
When specific cancellation requirements are met, borrowers
have the right to request cancellation of their private MI.
Certain high-risk mortgages are treated separately. For more
detailed information about the Homeowners Protection Act,
please consult your lender’s mortgage loan specialist. ***
Q
Q
Q
Q
Q
Q
A
A
A
A
A
A Ask your loan officer about the various
private MI products and payment options
available to your lender from Arch MI.
VALUE OF MI

How can high-LTV loans
insured by Arch MI help
me compete?
Without them, you limit your value in
the mortgage marketplace – and put
your business at risk.
Do either of these scenarios fit your situation?
Monthly MI No MI No MI @ 90%
Purchase Price1
$300,000 $300,000 $300,000
LTV 95% 80% 90%
Loan Amount $285,000 $240,000 $270,000
1st Loan Balance2
$269,321 $226,797 $255,147
1st Mtg. Past Due Interest $10,891 $9,172 $10,318
Attorney Fees3
$8,406 $7,079 $7,964
Misc. Expenses4
$2,802 $2,360 $2,655
Total Foreclosure Exposure $291,421 $245,407 $276,083
Standard Coverage % 30% 0% 0%
Maximum Insurance Benefit $87,426 $0 $0
Property Sales Price at Foreclosure5
$240,000 $240,000 $240,000
Arch MI Claim Payment $51,421 $0 $0
Lender Loss No Loss -$5,407 -$36,083
1
Interest rate 4%
2
Foreclosure occurs in year 3
3
Attorney Fees – 3% of outstanding loan balances plus past due interest
4
Misc. Expenses – 1% of outstanding loan balances plus past due interest
5
20% loss in valuation
Do you limit home
loans to a maximum
LTV of 80%?
First-time homebuyers
typically have smaller
down payments – so
they’re looking for a
more flexible lender.
SOLUTION
Insure these loans
with Arch MI:
Originate more
purchase loans and
increase referrals.
Are you originating
high-LTV portfolio
loans 80% without MI?
• Long-term fixed assets on
your balance sheets may
pose interest-rate risk
• Potential liquidity
source untapped
SOLUTION
Insure these loans
with Arch MI:
Offer lower down
payment options
with no additional
risk exposure.
VALUE OF MI

VALUE OF MI
EZ Decisioning
Fast and On Target
Arch MI’s Streamlined Guidelines
Slash Submission Times and
Speed Approvals
Conforming loans that meet our EZ Decisioning guidelines and receive
a valid DU® Approve/Eligible or LPA Accept/Eligible are eligible for
submission with the AUS-indicated documentation.
Qualify More Borrowers –
and in Less Time!
EZ Decisioning allows:
ƒƒ Credit scores down to 620 for LTVs
up to ≤ 97%.
ƒƒ Approve or Accept Ineligible permitted
if due to LTV 95% or ARM loan type
(fully amortizing).
ƒƒ Maximum DTI ratio and reserves as indicated
by DU/LPA.
ƒƒ Non-Traditional Credit may be eligible.
For complete EZ Decisioning guidelines,
please visit archmi.com/guidelines.
Remember This EZ Step
When submitting EZ Decisioning loan through
ArchMIConnect, select EZD (EZ Decisioning)
as the Loan Program Name.
For EDI submissions, enter EZD (using
all caps) in your origination system’s
loan program designation field. As EDI
transmissions are case- sensitive, it is critical
that all caps are utilized in this field.

Weigh FHA
Against Arch MI...
The Balance
Tilts to Arch MI!
VALUE OF MI
For borrowers with good credit, and a down payment
of 3% or more, Arch MI’s premium rates deliver
superior savings, value and convenience.
Plus, Arch MI offers a convenient origination and
servicing process, plenty of flexibility and customer
service that puts you first.
For detailed comparisons showing how Arch MI
stacks up against FHA, use Arch MI RateStar.
For details, contact your
Arch MI Account Manager.
* Arch MI premium based on 30-year, fully amortizing, fixed-rate, 95%
LTV, 30% coverage, primary residence, purchase transaction, single-
family dwelling and loan amount $424,100 underwritten through our
EZ Decisioning Program Guidelines. Assumes interest rate of 3.75% for
30-year and 3.30% for FHA. Investor limitations may apply. Check for
applicable restrictions.
** Arch MI Single Premium assumes non-refundable LPMI premium option.
All provisions outlined above also apply.
Arch MI’s EZ Monthly*
vs. FHA
($150,000 loan amount)
Arch MI Credit Score
FHA
760+ 720+
Upfront Premium $ 0 0 $2,625
Monthly Renewal $* $51 $91 $100
Total MI Over 5 Years $ $2,930 $5,216 $8,321
Arch MI’s Single Premium** vs. FHA
($150,000 loan amount)
Arch MI Credit Score
FHA
760+ 720+
Upfront Premium $ $2,775 $4,875 $2,625
Monthly Renewal $* 0 0 $100
Total MI Over 5 Years $ $2,775 $4,875 $8,321
Make a Better Choice for Your Borrower By Using
Arch MI’s EZ Decisioning and Selecting our
EZ Monthly or Single Premium Plans

MI REQUIREMENTS
GSE Mortgage Insurance Coverage Requirements
Below are Fannie Mae and Freddie Mac’s standard first mortgage coverage requirements:
Mortgage Type LTV Range
80.01 -
85% LTV
85.01 -
90% LTV
90.01 -
95% LTV
95.01 -
97% LTV
Qualifying fully amortizing fixed-rate,
term ≤ 20 years
6% 12% 25% 35%
Qualifying fully amortizing fixed-rate,
term 20 years (i.e., 30-year fixed-rate)
12% 25% 30% 35%
Fannie Mae HomeReady® 6*/12% 12*/25% 25% 25%
Freddie Mac Home Possible® 6*/12% 12*/25% 25% 25%**
As of July 2016
Note: The GSEs may permit reduced coverage amounts with loan price adjustments.
Please see efanniemae.com and freddiemac.com. GSE guidelines are subject to change and Arch MI is not responsible for updating
this information. Lenders should verify current requirements prior to loan origination.
* Lower coverage with fixed-rate, term ≤ 20 years
** 97% LTV coverage offered only under Freddie Mac Home Possible AdvantageSM

DELEGATED AND NON-DELEGATED CUSTOMERS
Required Documentation
Page 10 ARCH MI. ORIGINATE WITH US.
MI REQUIREMENTS
*
This form should be completed and submitted online.
**
1008 not required for MI application, but must be retained in loan file and available for audit purposes.
***
Not required for Pre-Qualification; a complete appraisal or Property Inspection Waiver (per DU findings)
is required for approval.
Standard
Non-Delegated
Application Delegated
ArchMIConnectSM
online MI Application*  
Loan Application (1003) 
UW and Transmittal Summary (1008)** 
Credit Report 
Appraisal Report*** 
DU/LP Findings (if DU/LP Approved) 
Sales Contract 
Verification of Employment 
Verification of Income 
Verification of Assets 
Loan Payment History (if not in Credit Report) 
Mortgage payment history with 24-month history verified
(if not in Credit Report) 
Installment debt payment history (if not in Credit Report) 
Submit Delegated and Non-Delegated (Standard Application, Pre-Qualification) MI requests at ArchMIConnect.

MI REQUIREMENTS
Cancelling Borrower-Paid MI under the
Federal Homeowners Protection Act
The Homeowners Protection Act (“HPA”) requires termination of borrower-paid mortgage insurance, for loans closed
on or after July 29, 1999, either automatically or upon borrower request, when certain conditions are met.
Automatic Cancellation* Borrower-Initiated Cancellation*
The Loan-to-Value ratio (“LTV”) on the borrower’s loan
reaches 78% of the original property value, based on the
applicable amortization schedule.
1. The borrower must be current on mortgage payments.
2. The servicer must notify the MI provider and request
cancellation (same for borrower-initiated cancellation).
3. The servicer may no longer require the qualifying
borrower to pay MI premiums (same for borrower-
initiated cancellation).
The LTV on the borrower’s loan has either reached 80%
based on the original property value, or is scheduled to
reach 80% based on the applicable amortization schedule.
1. Borrower must send a written request for cancellation to
the servicer.
2. Borrower must have a good payment history.
3. Borrower must be current on mortgage payments.
4. The borrower must evidence and certify, if required
by lender, that the property has not declined below
the original value and that the borrower’s equity is not
reduced due to subordinate lien(s).
Exceptions and Exclusions from HPA’s MI Cancellation
Requirements**
ƒƒ LPMI – While the MI cancellation requirements do not apply to
lender-paid MI (“LPMI”), the HPA does include lender notice,
disclosure and other requirements that apply when LPMI is
required by the lender.
ƒƒ FHA and VA government-guaranteed loans – MI cancellation
requirements do not apply.
ƒƒ Piggyback or 80-10-10 loans (without private MI) –
MI cancellation requirements do not apply.
ƒƒ Mortgages on multi-family residences, investor properties,
second homes, or commercial real estate – MI cancellation
requirements do not apply.
ƒƒ Loans issued in New York or other states with their own MI
cancellation laws – Both state and federal requirements apply.
ƒƒ “High-Risk” Loans – Separate HPA rules apply to loans
designated High Risk at origination, per GSE guidelines.
How Long is the MI Cancellation Process?
ƒƒ Arch MI has 30 days from receiving the lender/servicer’s notice
of cancellation to return all unearned premium to the lender.
ƒƒ Lender/Servicer has 45 days from HPA-required
MI cancellation date to return any unearned premium
to the borrower.
ƒƒ Servicer may not require further MI premium payment more
than 30 days after the later of the dates that:
1. Borrower’s written request was received, or
2. Borrower provided required evidence and certification.
Arch MI insures lenders and therefore cannot
cancel MI coverage on a loan at borrower request.
The borrower must contact the lender to
request MI cancellation.
The above information does not constitute legal advice. For detailed information on the mortgage insurance cancellation law and how it affects your company, you
should consult legal counsel.
* Subject to the specific requirements of the Federal Homeowners Protection Act, as amended, and applicable state law. For fixed-rate loans, the initial amortization
schedule applies; for adjustable-rate mortgages, the amortization schedule then in effect applies. In all cases, BPMI cannot be required after the midpoint of the
applicable amortization period if the borrower is current on loan payments.
** Please contact the servicer for specific loan terms and for its policy and process regarding MI cancellation.

2016 Borrowers Benefit from the MI Tax Deduction
Recent federal legislation has extended the MI tax deduction for eligible home loans originated in
2015 and 2016, as summarized below:**
UP TO
101K
% of MI Tax Deduction Eligible
HouseholdIncome$
100K
AND
BELOW
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
NoLongerEligible
Both Purchases and
Refinances Qualify Average annual tax
savings are likely to
be between $300
and $350 per family
UP TO
102K
UP TO
103K
UP TO
104K
UP TO
105K
UP TO
106K
UP TO
107K
UP TO
108K
UP TO
109K
OVER
109K
Mortgage insurance (MI) could be the best way for your first-time borrowers
to purchase a home. With MI, even a small down payment can help them
qualify for a home loan. And unlike FHA, MI is cancellable.* Best of all, their
MI premiums may also be tax-deductible!
Tax-Deductible MI
The less taxing way to finance a home purchase
ƒƒ Homeowners with adjusted gross incomes (AGI) of
$100,000 or below may deduct 100% of their 2015
and 2016 MI premiums on their federal tax returns**
ƒƒ Deductions are phased out by 10% for each
$1,000 a taxpayer’s adjusted gross income exceeds
$100,000 with a cutoff of any deduction at $109,000**
(no deduction if AGI over $109,000)
Use Arch MI RateStar for Our Most Competitive MI Rates
Remind your borrowers about the MI tax deduction – but you also may be able to increase their savings when
you use RateStar. Our risk-based pricing program matches Arch MI’s most competitive rates more precisely to their
individual loan risk.
MI Tax Deduction Eligibility Phased Out by AGI
* Under certain circumstances and according to the Homeowners Protection Act of 1998.
** Deduction based on MI premium allowable to that tax year for a qualified mortgage, including prepaid (single) MI. Adjusted Gross Income limit for full
deduction is $50K for persons who are married filling separately, with 10% adjustments every $500 and no deduction if over $54,500. See IRS Publication
936. Arch MI cannot give tax advice. Borrowers should consult with their own tax advisor concerning the applicability of this deduction in their particular
circumstances under the Internal Revenue Code and the laws of any other taxing jurisdiction.
MI REQUIREMENTS

ARCH MI’S NON-DELEGATED CUSTOMERS
Best Practices for Faster Turnaround
TOOLS HOW-TO
Don’t Fax, Submit Your
App Online – It’s Easy!
Online is always the best way
to go. We strongly encourage
our customers to submit their
applications and documents online
via ArchMIConnect, our online
Origination and Servicing system.
Why is online better?
ƒƒ Fewer errors when you type in
the information
Provide the Right
Documentation!
Sending in wrong or unnecessary
documentation with your application
can cause delays as underwriters are
then required to review all documents
before responding.
ƒƒ Check the required documentation
list for Arch MI’s Standard App
ƒƒ Don’t send in more information
than necessary. Leases, employment
contracts, divorce decrees – are they
Take Full Advantage of
the Arch MI Underwriting
Network
Our Underwriting Network team is
here to serve you with customized,
patient attention to the individual
circumstances of each application.
ƒƒ Communicate directly with the
underwriter on the file. Talking to
your Arch MI Account Manager
instead could unnecessarily delay
the process.
1
2
3
ƒƒ System prompts you to fill in fields
that you might otherwise overlook
ƒƒ Information that you input online
is easy to read and always legible
ƒƒ Online is secure – documents
go straight to the Arch MI
Underwriting Network
ƒƒ Online is faster, almost
instantaneous. Faxes can be
delayed by the machine or by
human error.
required by the app? If not, don’t
send them in. The Underwriting
Network will contact you if they
need additional documentation.
Standard Apps – full file required
ƒƒ Be sure to provide complete bank
statements
ƒƒ Check and reconcile address
discrepancies on the credit report
before submitting the app
ƒƒ Be sure to complete the entire 1003,
including the fields on 2 years’
ƒƒ Return calls or emails from the
Underwriting Network as soon as
possible. Staff will usually contact
you immediately if information
is unreadable or incomplete or if
they need more information for
the file. The main number for the
Underwriting Network is
(888) 746-6264.
ESPECIALLY: Always send
appraisals using ArchMIConnect’s
Document Upload feature, rather
than by fax. Uploading is easy,
as most appraisers will supply an
electronic copy of the appraisal.
Faxes can be distorted, difficult to
read and the photos are usually too
dark to see clearly.
If you are submitting your file by fax,
you should still email the electronic
appraisal to appraisals@archmi.com.
residency and employment, phone
numbers and other key information
ƒƒ Submit DU®/LP® findings for the app
ƒƒ If you can’t send a complete
package immediately, follow up on
the outstanding items as soon as
possible
ƒƒ Submit all conditions at one time,
rather than submitting them
individually at different times
Remember: All conditions must be
satisfied prior to final approval.
ƒƒ Our underwriters also act as a
“scenario desk.” If your borrower’s
file doesn’t meet the eligibility
guidelines, ask your Arch MI
underwriter to suggest alternative
scenarios – including different
loan products, loan amounts,
down payment structures, seller
concessions – under which your
borrower might be able to qualify.
Using these tips will make for a better, faster underwriting
experience with Arch MI.

TOOLS HOW-TO
Out of the office?
On the go?
* Arch MI Mobile App is available for download in the Apple® iTunes store and
Google Play® marketplace. Search “Arch MI” to pull up the app. Supported
for Apple and Android™ smartphone devices running the following software
versions: Apple iOS 7.0 or higher Android 4.4 (KitKat) or higher
Arch MI’s Mobile App Supports Your Workstyle
Easy to use and easy on the eyes,
our app delivers fast access to:
ƒƒ Arch MI RateStar - instant quotes to
save and share
ƒƒ MI premium plan comparisons
ƒƒ Market and economic analysis
ƒƒ Arch MI Sales and underwriting contacts
Stay current and stay connected.
Download the Arch MI Mobile App today.*

*Arch MI offers a RateStar Promise to honor your RateStar Final Quote for 90 days. So long as there is no change to the submitted loan information, Arch MI will
honor the RateStar Promise for the RateStar Final Quote unless prohibited by law, such as if the rate is no longer legally available for use by Arch MI.
ARCH MI’S RISK-BASED PRICING MATCHES OUR MOST
COMPETITIVE RATES TO INDIVIDUAL LOAN RISK
Differentiate your business with Arch MI RateStar! Our advanced, revolutionary
program prices loans more precisely, giving you the flexibility to attract more
borrowers, close more loans and compete more effectively.
Available Everywhere You Are:
ƒƒ Online at archmi.com/ratestarlogin
ƒƒ Arch MI Mobile App
ƒƒ ArchMIConnect®, our origination platform
ƒƒ Most industry LOS and pricing engines
Eclipse the Competition with RateStar:
ƒƒ Get, save, share and print MI quotes quickly
and easily
ƒƒ Compare Arch MI product rates to FHA’s
ƒƒ 90-Day Promise* ensures your RateStar Final
Quote will be honored while you work to
close the loan
For more information, visit archmi.com/RateStar
or contact your Arch MI Account Manager.
TOOLS HOW-TO

Stay Connected to Arch MI with
ArchMIConnect
Arch MI’s secure online origination system, ArchMIConnect,
is easy to use and provides results in seconds.
Ordering MI
ƒƒ Interface from your LOS
ƒƒ Import Fannie Mae’s DU file
ƒƒ Complete the online Mortgage Insurance
Application form
ƒƒ Upload non-delegated documents and let Arch MI
create your order
Uploading Documents
ƒƒ For Underwriting review
ƒƒ For Arch MI Master Policy and Delegated Plus review
Using Arch MI RateStar
ƒƒ Get instant MI quotes
ƒƒ Save Share quotes matched to your borrower
Managing Pipelines
ƒƒ Update MI orders
ƒƒ Activate coverage
ƒƒ Transfer servicing
Connecting with Live Support
ƒƒ Click on the Live Support link in the top bar
ƒƒ Ask questions, request information and chat online
ƒƒ Available Monday-Friday 7:00a.m.-4:00p.m. Pacific Time
To access step-by-step Quick Start Guides, log in to
ArchMIConnect.
ArchMIConnect requires a user ID and password. If you are
a new customer, please complete the new Lender Master
Policy Application.
Go to archmi.com to access ArchMIConnect for:
TOOLS HOW-TO

PRODUCTS
Arch MI’s
PicketFence
First-time homebuyers
sitting on the fence?
Help Them Become
Homeowners
Many first-time homebuyers are concerned with:
ƒƒ Accumulating a down payment
ƒƒ Their ability to qualify for and afford a mortgage
Get them off the fence and into their own home with help from Arch MI’s PicketFence program!
Arch MI helps you qualify them with our competitive guidelines:
Standard*
ƒƒ 97% LTV to 700 for 1-unit and condos
ƒƒ Manufactured Housing to 90% LTV
ƒƒ Maximum $636,150 to 95% LTV
ƒƒ For owner-occupied properties, minimum 3%
borrower funds may include gifts or grants with
verified assets or a minimum 720 credit score
ƒƒ 2 months’ PITIA (principal, interest, taxes, insurance,
association) reserves on conforming loan amounts
ƒƒ 45% DTI (debt-to-income) for all purchase loans
Down Payment Assistance/HFA
ƒƒ Permits all applicable GSE affordable programs
ƒƒ Conforms to most HFA programs**
ƒƒ Conforms to most FHLB programs**
EZ DecisioningSM
*
ƒƒ 97% LTV down to 620
ƒƒ Agency High Balance to 95% LTV
ƒƒ Borrower funds may include gifts or grants
Construction-to-Permanent*
ƒƒ 1-unit single family attached detached: 95% LTV to
$636,150 and 90% LTV to $850,000
ƒƒ 2-unit: 95% LTV to $543,000
ƒƒ Activation now available at initial
construction financing
With PicketFence, It’s Always Homebuying Season!
*
Please see Arch MI’s guidelines on archmi.com for further details.
**If your loan does not meet the guidelines, please contact your Arch MI Account Manager.

Arch MI
Insures 97s
Capture More Purchase
Business with
Arch MI-Insured 97s
Learn more about Arch MI’s support for 97s by visiting our Webpage at archmi.com/97
Please note: Lenders are encouraged to check applicable GSE delivery fees and Loan Level Price Adjustments.
Offer your first-time homebuyers a lower-cost home finance alternative with Arch MI mortgage
insurance. A conventional 97 insured with mortgage insurance may make more financial sense than
an FHA loan for many of your borrowers.
Check out our guidelines:
Arch MI Guidelines for 97s
Occupancy: Owner-Occupied
Loan Purpose: Purchase Rate/Term Refinance
Property Types: 1-Unit Single Family, Condo
Loan Products: ARM 5 Year fixed period, Fixed Rate
LTV/CLTV
97%/ 97%
DPA/HFA: 97%/105%
FICO
EZ Decisioning (DU®/LPA®): 620
Arch MI Standard Program: 700 for Lender
DTI
EZ Decisioning: As determined by DU/LPA
Arch MI Standard Program: 45%
Under EZD, gifts and grants may be used as borrower’s funds.
Arch MI’s Monthly* vs. FHA
Standard
Coverage: 35%
FHA
Credit Score 740+ 700+
Upfront Premium 0 0 175
Monthly Renewal 75 82 85
Total MI bps over 5 yrs 375 410 600
* Arch MI premium based on 30-year, fully amortizing, fixed-rate loan,
97% LTV, primary residence, purchase transaction, single-family dwelling
and loan amount ≤ $424,100 underwritten through our EZ Decisioning
Program Guidelines. Investor limitations may apply. Check for applicable
restrictions.
PRODUCTS

PRODUCTS
Arch MI is also “HomeReady”! DU-approved loans are eligible for coverage
through our flexible Down Payment Assistance/HFA guidelines:
Lower MI requirements than FHA for LTVs 90-97%
Non-borrower household income (as compensating factor to 50% DTI)
Non-occupant borrowers included in qualifying (income, assets, liabilities, credit)
Rental income from an accessory unit
Manufactured housing and HomeStyle® Renovation to 95% LTV
Non-traditional credit (1-Unit only)
CLTV up to 105% with eligible CommunitySeconds®
Arch MI’s complimentary program may meet homebuyer education requirement.
PLUS: Arch MI RateStar pricing matches our most competitive rates to the individual loan,
which could mean an even lower monthly payment for many HomeReady borrowers!
Questions about HomeReady and Arch MI? Contact your Arch MI Account Manager.
Are Your Borrowers HomeReady®? Arch MI Is, Too!
Borrowers ready to buy a home with only a small down
payment may be “HomeReady” – able to qualify under
Fannie Mae’s affordable program for low- and moderate-
income homebuyers.
* See Fannie Mae HomeReady FAQs for Homeownership Education and Housing Counseling

PRODUCTS
AMGC Portfolio Power
MI Makes Homeownership Affordable
Portfolio loan solutions insured by Arch Mortgage
Guaranty Company allow lenders to create non-GSE
programs that may meet borrower needs.
Many new homebuyers are concerned about:
Arch MI’s Portfolio Power Affordable Housing Solutions offer:
Price your homebuyer’s loan with Arch MI RateStar
to find our most competitive rate.
Minimal funds
for a down
payment
High debt
load due to
student loans
Mortgage
payment
affordability on a
starter income
ƒƒ 97% LTV, 3% down payments
ƒƒ Low monthly payments
(5/1, 7/1 ARMs eligible)
ƒƒ Increased savings from low
monthly payments
ƒƒ Minimum credit score 700
ƒƒ DTIs as high as 50%
ƒƒ Extended loan terms
(including 40-year) available
ƒƒ Lower mortgage insurance
coverage available
ƒƒ AMGC Portfolio Power gives
you flexibility and confidence
ƒƒ Qualify more low- and mod-
erate-income borrowers,
retain their loans in portfolio
ƒƒ Backed by AMGC, Moody’s
highest rated MI Company
in the industry
INNOVATIONFLEXIBILITY AFFORDABILITY

Drive More Purchase Business with
Arch MI’s Roadmap to Homeownership
When it comes to purchase business, do you feel stuck in neutral?
Rev up your business with some help from Arch MI!
Our Roadmap to Homeownership is a complete toolkit that you can use to organize, manage
and publicize your own in-house seminar for homebuyers.
Download our Complimentary Roadmap to
Homeownership Today!
Visit our website at archmi.com/rtho and
download our materials, including:
yy Homebuyer Seminar Presentation
yy Worksheets
yy Glossary
yy Resources
yy Addendum
yy Affordable Housing Solutions
Everything you need is in the kit. Plus, you can
brand the seminar presentation materials with
your own logo and contact information!
Homebuyer Seminars – A Proven Route
to Purchase Business
Who benefits from a homebuyer seminar?
yy Potential Homebuyers – better informed buy-
ers are more likely to get their loan from you
yy Local Realtors®, builders and developers,
who will provide referrals and speakers
yy Firms involved in closing real estate transac-
tions, who can provide information about
their services
RESOURCES

RESOURCES
Stay Current in your Career
with Arch MI’s Customer Training Webinars
Continuing education is a must for mortgage professionals who
want to stay current with the market.
Arch MI offers complimentary webinar training on essential
underwriting and processing skills that can improve your
workplace performance and open up new career opportunities.
Learn at your convenience
Arch MI streams our training webinars to your desktop
computer or preferred mobile device. Register for
any or all sessions available, too! Plus, we record our
webinars so you can download them at any
time from our website.
For details on our course offerings, visit
archmi.com/webinars.

Customer Training Webinars
Mortgage Insurance Courses
Overview of Mortgage Insurance
A Path to Homeownership
Audience: Mortgage Professionals
Duration: 45 minutes
Appraisal Course
Analyzing Appraisals for
Single-Family Residences
Identifying Key Areas of the Uniform
Residential Appraisal Report
Audience: Loan Processors, Underwriters
Duration: 1 hour
Business Development Course
Fannie Mae HomeReady®
The Key Points
Audience: Loan Originators,
Marketing Staff
Seizing Market Share in a
Purchase Market
Creating Separation between You and
Your Customers
Audience: Loan Originators, Managers
and Marketing Staff
Duration: 1 hour
Income Analysis Courses
Master the Mystery
Navigating and Evaluating Personal
Tax Returns
Audience: Loan Originators, Loan
Processors, Underwriters
Duration: 1 hour
Negotiate the Numbers
Understanding Self-Employed Borrowers
and Business Tax Returns
Duration: 1 hour
Mortgage Skills Courses
Loan Processing
Using the 1003 as a Roadmap
Processors
Duration: 1 hour
Conquer the Components
Understanding the Aspects of a Loan File
Processors, Jr. Underwriters
Duration: 1 hour
Mortgage Skills Courses (cont.)
Mortgage Fraud
Everything Old is New Again
Duration: 1 hour
Trended Credit Data
An Overview
Market Commentary Course
Housing Update
An Overview
Audience: Mortgage Professionals
Duration: 1 hour
Coming In 2017
Navigating AMITRAC
Using Arch MI’s Tax Return Analysis
Calculator
Audience: Mortgage Industry
Professionals
Duration: 1 hour
What Starts Well Ends Well
How to Ensure a Smooth Transaction
Audience: Loan Originators
Duration: 1 hour
Webinars also available by request – contact your Arch MI Account Manager.
RESOURCES

RESOURCES
Online Homebuyer
Education
Available through Arch MI
To meet loan program
requirements and prepare
for homeownership
For Homebuyers with conventional or
Home Possible® loans insured by Arch MI
Online education is available through BALANCE,
a nonprofit financial counseling organization, and
provided by Arch MI at no cost to borrowers with
insured loans.
The BALANCE course meets the prepurchase
homeownership education requirement for Freddie
Mac’s Home Possible loan program. Homebuyers with
conventional loans can also benefit from this general
homeownership education.
For Homebuyers with Fannie Mae
HomeReady® loans
BALANCE hosts the
Framework® Homebuyer
Education program, the only
approved provider of the pre-
purchase homeownership
educational requirements for
Fannie Mae’s HomeReady® loan program.* This course
charges borrowers a fee of $75.
* Eligible HomeReady borrowers have two other options to meet the program’s prepurchase education requirements. BALANCE is approved for both options;
for more information, please contact BALANCE directly at 800.777.PLAN (7526)
1. If the HomeReady loan involves a Community Seconds® or down payment assistance program, the borrower may complete a homeownership education
course required by those programs and provided by a Department of Housing Urban Development (HUD)-approved agency. BALANCE is approved by
HUD to provide this course.
2. The borrower may receive one-on-one prepurchase housing advice from a HUD-approved nonprofit housing counseling agency, as evidenced by a signed
Certificate of Completion of Pre-purchase Housing Counseling (Form 1017). BALANCE is approved to provide this counseling.
HOW TO GET STARTED
Review our complete instructions on accessing either of our online homebuyer education options.
You can also visit archmi.com/hbe for more information.

For Home Possible® or conventional loans For Fannie Mae’s HomeReady® loans
Go to https://www.housingeducation.org/pathways/ Use your web browser to go to archmi.com/hbe
Click on Log In. Select HomeReady® Loans.
Register by following the instructions on the page,
using the information below in the last three fields:
Referred by: Arch Mortgage Insurance Company
Financial institution: Name of Your Lender
Source Code: Arch MI
Click on Access the Framework® Homebuyer
Education program at the bottom of the page.
Follow the prompts to begin the course. Select Register Now and complete all required
fields. The course costs $75, charged to your debit or
credit card.
Download and save your certificate of completion
at the end of the course.* Your lender may require a
copy of this certificate.
*You must pass all quizzes at the end of the modules with a
score of at least 70%. You may take the quizzes multiple times,
if needed.
Follow the prompts to begin the course.
You are welcome to complete any other programs
that interest you at archmi.balancepro.org.
Download and save your certificate of completion
after passing the final quiz and completing a
feedback survey.* Borrowers are encouraged to
download this certificate and send it to their lender.
* You are allowed three attempts to pass the Final Quiz with a
score of 80% or better; if you do not complete the Final Quiz
in three tries, you must complete an educational review over
the phone to receive the certificate. Educational reviews take
about 30 minutes to complete.
Borrowers Can Start Today with our
Simple Instructions!
RESOURCES

* See the applicable GSE Seller Guide for further
documentation requirements.
If your first-time homebuyers are strapped
for cash, gift funds can still make them
homeowners. Arch MI’s EZ Decisioning
program makes it easy.
Our flexible guidelines approve the use of 100% gift
funds as the borrower’s minimum contribution, for
eligible loans meeting the following requirements:
ƒƒ Follows GSE loan programs.
ƒƒ Available for all property types.
ƒƒ 1-unit principal residence up to 97% LTV.
ƒƒ Credit score down to 620.
ƒƒ Non-Traditional Credit may be eligible.
Wrap It All Up for your Borrower – with Arch MI’s
EZ Decisioning Guidelines on Gifts!
Donor Requirements*
ƒƒ Donors can be family members, relatives,
domestic partners, fiancé/fiancée.
ƒƒ Gift letter from the donor.
ƒƒ If source is relative/domestic partner and gift is
pooled with borrower funds, document showing
shared residency with borrower.
ƒƒ Document that donor funds are available
or transferred to borrower.
For more information, contact your
Arch MI Account Manager or
visit archmi.com
Page 26ARCH MI. ORIGINATE WITH US.
RESOURCES

RESOURCES
Are you reading Arch MI’s HaMMR?
It’s an Arch MI exclusive – one of the industry’s best reports on where housing
markets are heading, regionally and nationwide!
Released quarterly, Arch MI’s Housing and Mortgage Market Review, or HaMMR,
presents deep-dive analysis of the key data affecting home prices, highlighting
trends, identifying challenges, and explaining anomalies.
Authored by Ralph DeFranco, Global Chief Economist for Arch Capital Group LLC,
HaMMR is the go-to resource for mortgage leaders, risk management experts, and
the national media.
Each issue features:
ƒƒ Headline stories focusing on the current state of housing markets
ƒƒ Special features exploring regional issues
ƒƒ The Arch MI Risk Index, which addresses the probability that home prices will be lower in two years,
on both the state and MSA level. This index is based on a statistical model using local economic and
housing market data, such as affordability, unemployment rates, housing starts, foreclosure rates,
and other key statistics.
Get the latest HaMMR and its data each
quarter at archmi.com/hammr!

ARCH MI. ORIGINATE WITH US. Page 28ARCH MI. ORIGINATE WITH US.
Lykken on Lending
Sponsored by Arch MI
The mortgage industry’s leading radio program, hosted by
mortgage veteran David Lykken, is the best way to understand
the changes coming to our business.
Arch MI is proud to be the exclusive mortgage insurance
sponsor for David Lykken’s show, a valuable resource
for every mortgage professional.
Innovation Update - February 22nd
, 2016
Arch MI’s President and CEO, David Gansberg, shares his insights on what’s ahead for the
mortgage industry.
MI Solutions for Portfolio Lenders - June 27th
, 2016
Arch MI’s VP of Marketing Product Development, Jim Jumpe, talks to David about growth
opportunities for lenders and how they can take advantage of these opportunities without
exposing their business to undue risk.
The U.S. Housing Market: A Current View - July 25th
, 2016
Cheryl Feltgen, Executive Vice President and Chief Risk Officer for Arch Mortgage Insurance
Company, discusses U.S. housing, low rates, all-cash purchases, and the likelihood of a bubble
in a special “Hot Topic” session held at the Western Secondary Conference.
How to Educate, Encourage and Qualify More First-Time
Homebuyers - November 14th
, 2016
Leslie Gibin, Arch MI’s Vice President for Client Risk, talks about the challenges facing
many Millennial homebuyers. She also explains how lenders can use Arch MI’s Roadmap
to Homeownership, a suite of affordable housing solutions combined with homebuyer
education materials, to put more of these borrowers into homes.
Listen to Lykken on Lending’s 2016 Podcasts featuring
Arch MI’s Executive Team at archmi.com/lykkenonlending:
RESOURCES

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