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.
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.
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.
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
• The ability to use the excess
funds at closing to reduce the
monthly MI payment in a way
that works best for them
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.
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.
Get fast, easy and secure access to MI origination management tasks, 24/7. With our web-based platform, you can:
- Eliminate data entry through a direct interface with the leading loan origination systems (LOS)
- Securely upload documents for quality control reviews
- Print MI commitments
- View status of loan conditions or declination reasons
- Activate or cancel MI certificates
- Submit MI claim requests
- View the status of pending claims
- Communicate with our Customer Care team via live chat and email
Get in Touch
Let us know how we can support your business.