MI Servicing
Our uniquely informed perspective on housing and capital markets allows us to understand your distinct servicing needs. Built on decades of trusted relationships, Radian Guaranty combines deep experience with streamlined resources to help you maintain accuracy and confidence across your Radian MI portfolio.
Comprehensive guidance for managing loans
Our MI servicing guides provide detailed instructions for managing insured loans. These resources outline procedures to provide clarity throughout the MI servicing lifecycle.
Origination & Servicing Guide
For Radian Master Policies #RAF483 and #RAF700
Legacy Origination & Servicing Guide
For Radian Master Policy #RAF1040
Legacy Default & Claims Servicing Guide
For Radian Master Policy #RAF1040
Essential MI Servicing Forms for Every Stage
MI Servicing Forms for Performing Loans
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MI Servicing Forms for Non-Performing Loans
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Rates & Resources
Updates & Alerts
Loan Modification
MILAR Reporting Solutions
Radian Guaranty's Mortgage Insurance Loan Activity Report (MILAR) offers tools to help servicers fulfill their monthly reporting obligations efficiently and accurately. Our platform supports the industry-standard format while providing Radian-specific guidance to help enhance compliance.
- Submit monthly portfolio updates
- Track loan performance metrics
- Identify potential servicing issues
- Maintain compliance with MI requirements
- Efficient premium billing
- Support claims processing when needed
Explore our resources to help optimize your monthly reporting process.
MILAR Full Data Set
169 data elements
MILAR Minimum Data Set
32 data elements
MILAR FAQ
This FAQ is intended to answer basic Servicer questions about the required MILAR reporting.
Cancelling MI
Automatic Termination:
A loan servicer is expected to request cancellation of borrower-paid MI (BPMI) when, with respect to a fixed-rate mortgage, the principal balance of the loan, based solely on the initial amortization schedule and irrespective of the outstanding balance for the loan, is first scheduled to reach 78% of the original value of the property, provided the loan is current on payments and all requirements of the Homeowners Protection Act of 1998 (HPA) are met.Request Cancellation
With respect to a fixed-rate mortgage, when the loan balance based on the initial amortization schedule is first scheduled to reach 80% of the original value of the property or, based solely on actual payments, the loan balance reaches 80% of the original value of the property. To request cancellation the borrower must send a written request to the servicer, must have a good payment history, must be current on payments required by the terms of the mortgage transaction, must satisfy any requirement of the holder of the mortgage for evidence that the property value hasn’t declined below the original value and that the equity in the property is not subject to a subordinate lien.MI Refunds
Premium refunds may be available upon cancellation, depending on the specific situation.
“Radian” is a brand of Radian Group Inc., including its licensed insurance affiliates. Mortgage insurance is provided and underwritten by Radian Guaranty Inc., a wholly owned subsidiary of Radian Group Inc. with home offices at 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Guaranty Inc. is a monoline mortgage insurance company licensed to write business in all 50 states, the District of Columbia and Guam.