The following items are included in the manual: Please visit our About Us page to read about the authors.
This training manual is designed to help your new employees sort through all the requirements for cancellation and termination of PMI and MIP.
The following items are included in the manual:
· Homeowners Protection Act
· Requirements of the Act
· Loans covered by the Act
· Borrower Cancellation
· Automatic Termination
· Final Termination
· Chart comparing HPA, Fannie Mae, and Freddie Mac
requirements
· PMI Disclosure Statements
· Sample letters to borrowers
· Cancellation and Termination of MIP
· HUD Mortgagee Letters
· Updated Consumer Disclosures
· Informed Consumer Choice Disclosure Statement
· Glossary and more