May 20, 2020
5 GSE COVID-19 Guideline Updates You Need to Know
As we navigate the impact of COVID-19 on our industry, Radian is implementing changes to our mortgage insurance, title insurance, and real estate services processes to align with the latest GSE announcements. Here’s what you need to know.
- Expanded Borrower Support
COVID-19 related hardships are now considered an eligible hardship, regardless of property type.
- Increased Remote Capabilities
Temporary flexibilities like desktop appraisals, VVOE alternatives and online notarization are being implemented to support origination and closing.
- Additional Due Diligence
Given the impact on employment and income, lenders should ensure new MI applications reflect the current status of borrowers’ income, assets, and business operations (if self-employed).
- Uniform Servicer Reporting
There are new servicer reporting requirements for uniformity in relation to COVID-19 related defaults, forbearance, and loss mitigation workouts.
- Protection for Borrowers with Loans in Forbearance
Radian will still activate MI coverage for loans entered in a COVID-19 related forbearance plan and offer flexibility in rescission relief eligibility.
Radian is here to help as you assist new and existing borrowers during these unprecedented times. For more information on the latest guideline changes, visit www.radian.com/covid-19 or contact your Radian Account Manager.
5 GSE COVID-19 Guideline Updates You Need to Know
Radian Technology in Action
Amid a global pandemic that has accelerated the demand and need for digital products and services, we are at the forefront, delivering new and better ways to manage credit risk and execute real estate transactions.
The Changing Role of HR: Leading People into the Unchartered Future
Mary Dickerson shares her key priorities as Radian’s new Chief People Officer and how the role of HR professionals has changed over time.
Podcast: 2020 Home Prices Year-in-Review
Dive deeper into 2020 real estate market trends with a year-in-review of data from the Radian HPI.
Working in 2021: Mortgage Lenders Speak Out
Radian polled executives and senior leaders within mortgage companies to share their evolving action plans, implemented responses, and their future plans for work environments.
Meet the Faces of Title: Part 2
Meet additional members of the Radian Title Services sales and operations teams.
Are You Ready for URLA Updates?
According to the GSEs, the new Uniform Residential Loan Application (URLA) is designed to enhance data quality, improve consistency and clarity, and strengthen the entire application process.
Podcast: The Accelerated Digitization of Title
Learn how the COVID-19 pandemic has accelerated the adoption of digital solutions in the title industry.
Meet the Radian Bots
Learn about Robotic Process Automation and the "bots" that assist Radian's operations teams.
Risk and Reward: A Women in Housing Special Edition
Radian’s SVP of Enterprise Risk Management shares her insights on trends shaping the industry and advice to young professionals.
Meet the Faces of SFR
Radian’s SFR operations team shares their insights on changes impacting the industry.