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.
7.9% Year-Over-Year Increase in Median Prices According to the New Radian Home Price Index
In data released in September 2019, the Radian Home Price Index (HPI) showed a 7.9 percent year-over-year increase in median values.
Social Distancing Daily Schedule for Loan Officers
Download this infographic of a sample schedule to help LOs get their workday back on track due to social distancing and working from home.
Minority Household Growth is an Opportunity for Mortgage Lenders
Read about the growing segment of minority borrowers and see how lenders can better serve their homeownership needs.
Four Reasons to Buy a Home Now
Download this infographic that highlights four important reasons why right now may be the best time to buy a home.
Transformation in the Valuation Industry Webinar
Watch our experts help you ensure you are leveraging effective tools to improve the accuracy of your valuations and manage cost.
4 Strategies Servicers Can Utilize to Keep Default Rates Low
Read key strategies servicers can use to keep default rates low in the mortgage landscape of changing regulations and increased transparency.
Understanding Alternative Valuation Types
There are a variety of valuation products on the market that vary in complexity. Read more about the different valuation options available.
Title and Technology: How People and Robotics are Working Together to Improve the Title Industry
Read how the title insurance process can be further supported by Robotic Process Automation (RPA) with Attended Bots.
5 Reasons to Refinance for Homeowners
Read five key benefits to share with your borrowers on why refinancing their mortgage can be one of the best financial decisions they make.
The Evolution of Valuations: How Technology is Changing the Landscape
Radian and Fannie Mae discuss how the industry has evolved over recent years and how technology could impact the future.