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Underwriting Updates

MCAP: Policy Updates

Published on 24 Mar 2025

#squeeze
MCAP
Lender
MCAP: Policy Updates


Effective March 22nd, these are the current promos at MCAP:

  • NEW: We are now paying an extra 30 bps bonus commission on 5yr Insured and Insurable Standard and Value-Flex Fixed

Promo Comp - 5yr Insured/Insurable Standard and Value-Flex Fixed

Please note the following requirements apply to the rate special and comp promos:

  • New business only including existing customers who pay full penalty or at maturity. Existing pipeline NOT eligible for bonus comp
  • Insured: minimum credit score of 600 for each qualifying applicant
  • Insurable: minimum credit score of 680 is required for at least one qualifying applicant
  • Buydowns available
  • MPoints buy downs NOT eligible for MCAP Value-Flex
  • Excludes: MCAP Fusion, Peace of Mind Cashback, Small Rental, Refinances, Uninsurable Loans, Blends
  • Be sure to request the following in your submission notes:
    • "5yr Fixed Insured/Insurable 30 bps Comp Promo"
  • Limited time offer that can be discontinued at any time

*Please note that all MCAP rates and promotions are subject to change without notice. MCAP at its sole discretion reserves the right to determine deal eligibility under the promotion and may change eligibility requirements or promotion details without notice.


ON 12830 / BCFSA MB600871 / AMF 3002803823 / RECA 00424723 / SK 512229

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