hgc

ENROLLMENT FOR GUARANTY COVERAGE
AND ISSUANCE OF THE CERTIFICATE OF GUARANTY

QISMS - AMD - P - 00
REV. 02 / MARCH 09, 2016
 

DESCRIPTION OF SERVICE
The enrollment for guaranty coverage of housing loans and other housing-related loan accounts is made after a Contract of Guaranty is executed. This is evidenced by a Certificate of Guaranty (COG) with corresponding list of guaranteed housing loans and other housing-related loans.

The COG is necessary to a client to avail the benefits of an HGC guaranty.

CLIENTS
Banks, Developers and other Financial Institutions (FIs) that have existing guaranty lines

REQUIREMENTS

A. For Banks, Developers and other FIs availing the RETAIL GUARANTY:

  1. Enrollment letter
  2. Batch list of retail accounts with details
  3. Premium payment

B. For Banks, Developers and other FIs availing the GUARANTY ON ISSUED HOUSING NOTES, BONDS AND OTHER SECURITIES:

  1. Enrollment letter
  2. Premium payment
  3. Batch list of collateral properties or receivables backing-up the issuance of housing related securities

SCHEDULE OF AVAILABILITY OF SERVICE
Monday to Friday, 8:00am to 5pm

ADDRESS AND CONTACT INFORMATION
GUARANTY GROUP
Accounts Management Department
Home Guaranty Corporation
4/F Jade Building
335 Sen. Gil Puyat Avenue
Makati City
Direct Lines : (+632) 897-3270, 897-3489, 896-4128, 897-3265
Telefax : (+632) 896-4114
Email: bing_tungpalan@hgc.gov.ph; gloria_virata@hgc.gov.ph

FEES
Per Contract of Guaranty

TOTAL PROCESSING TIME
Fifteen (15) working days upon submission of complete documents
 

HOW TO AVAIL THE SERVICE

Step No.

Client’s Step

Agency’s Action

Duration
of Action

Person
in-Charge

Office Location
1

Submit the following documents:

  1. Enrollment letter
  2. Batch list of loan accounts for guaranty cover
  3. Premium payment

    In addition,

  4. Batchlist of collateral properties or receivables (Securities)
  1. Receive the documents and payment
  2. Prepare PAO
  3. Submit PAO and payment to Cashier
  4. Receive PAO and payment and issue OR
  5. Transmit OR to client

8 days

EA of
VP-GG

AO, DC – AMD, GG
AO – AMD, GG


Cashier


AO – AMD, GG

4/F Jade Bldg.

4/F Jade Bldg.
4/F Jade Bldg.


2/F Jade Bldg.


4/F Jade Bldg.
2 Receive OR and await issuance of Certificate of Guaranty (COG)
  1. Encode enrollment batch list to Oracle system
  2. Print Routing Slip, Certificate of Guaranty, and List of Guaranteed Accounts
  3. Review and sign documents

AO – AMD, GG

 

AO – AMD, GG

 

DC, Manager, VP - GG

4/F Jade Bldg.

 

4/F Jade Bldg.

 

4/F Jade Bldg.
Review legal documents and sign COG Routing Slip 1 day Manager-Legal Services Dept. 2/F Jade Bldg.
Sign COG Routing Slip (After premium fee has been cleared by drawee bank) 2 days Cashier 2/F Jade Bldg.
Review documents and initial COG 2 days EVP 3/F Jade Bldg.
Sign COG 1 day President 3/F Jade Bldg.
Transmit signed COG and List of Guaranteed Accounts to client 1 day Records Section 2/F Jade Bldg.
3 Receive COG and  List of Guaranteed Accounts Deliver documents to client Messenger, Records Section
End of Transaction (15 days)
 
Clink on the link below to download and print a copy of this document
Enrollment for Guaranty Coverage and Issuance of the Certificate of Guaranty