MI Helps Lenders
The MI industry is unique in providing lenders, large and small, with a competitive, affordable, and readily accessible way to reduce credit risk with private capital. Lenders and borrowers benefit from MI’s transparent pricing and credit terms. MI enables lenders to provide borrowers with qualification and cost information at time of application. Lenders have the option of having MI companies underwrite the loan for MI, providing added confidence for the lender to make the loan.
MI is also fully compatible with the highly liquid GSE (TBA) securitization market that allows lenders to “lock in” interest rates for borrowers during the application process and to securitize loans after closing. Further, if a borrower experiences financial hardship, MI companies work with servicers to help borrowers avoid foreclosure through loan modifications and other loss mitigation alternatives.