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MI Products

Generate more business. Save borrowers money at the closing table. Help qualify homebuyers for a larger loan. Whatever your goals, our industry-leading solutions and highly knowledgeable people will ensure success.

Find the perfect MI solution for every borrower. Radian offers a diverse line of products, including options for lender-or borrower-paid premiums. You can offer monthly payments, a one-time upfront premium, or a combination of monthly and upfront premiums, to best suit your borrower.

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Borrower-Paid Monthly Premium Mortgage Insurance

If your borrower has flexibility in their monthly payment budget, Radian monthly MI can help them afford their dream home sooner by letting them buy with as little as 3% down. Premiums are required to be remitted monthly to maintain coverage.

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Borrower-Paid Single Premium Mortgage Insurance

If your borrower has some assets (just not enough for 20% down), but doesn’t have much flexibility with their monthly principal, interest, taxes and insurance (PITI) budget, Radian single premium MI can be a great option. A single premium is an upfront payment which provides the required coverage until the loan reaches 78% LTV. This amount can be paid at closing or financed into the loan.

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SplitEdge Mortgage Insurance

Radian SplitEdge MI divides the MI premium between an upfront payment and reduced monthly renewals. Your client benefits from:
•    A lower monthly payment versus
     monthly BPMI
•    The ability to use the excess
     funds at closing to reduce the
     monthly MI payment in a way
     that works best for them

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Lender-Paid Monthly Mortgage Insurance

With lender-paid MI, the MI premium is paid by the lender, who typically passes the cost on to the borrower through a higher interest rate or origination fee. The first month's premium is required to activate the coverage and then renewal premiums are paid monthly to maintain coverage.

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Lender-Paid Single Mortgage Insurance

The lender pays the MI premium on behalf of the borrower; the lender then charges the borrower a higher interest rate or origination fee. The premium is a single upfront payment to provide coverage for the life of the loan. This payment is non-refundable.

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MI Online

MI Online is our web-based platform offering a secure environment that facilitates your MI origination, servicing, and Claims management tasks. By using MI Online to support your MI origination and servicing needs, you can:

  • Obtain a customized rate quote
  • Order MI and Contract Underwriting
  • Obtain copy of the MI Commitment & Certificate of Insurance
  • Activate coverage (monthly deferred only), both individually or in multiples
  • View up-to-date records of Premium payment
  • Access E-Bill
  • Transfer MI servicing
  • Cancel Certificates
  • Change Lender Loan Numbers
  • Submit documents for Underwriting, Early Validation Confident Coverage, Quality Control and Claims
  • Submit Claim requests and view status
  • View and download Initial Explanation of Benefit (EOB) and/or Supplemental EOB
  • Communicate with Radian Customer Care team via live chat and email

Get in Touch

Let us know how we can support your business.