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Cancellation and Termination of Mortgage Insurance
This training manual is designed to help your new employees sort through all the requirements for cancellation and termination of PMI and MIP. Although the requirements are not new, your staff, especially new employees, always need help and reference material.
Please visit our About Us page to read about the authors.
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
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