My findings call for two different MI coverage options. Which one should I choose?

My findings call for two different MI coverage options. Which one should I choose?
April 13, 2018 Donna Malecki

My findings call for two different MI coverage options.  Which one should I choose?

DU or LPA may offer two levels of acceptable Mortgage Insurance Coverage on the AUS findings.  The lesser amount is referred to as ‘Reduced’ coverage and is associated with a Loan Level Price Adjustment.  We will gladly apply this reduced coverage to your loan at your request, but strongly urge you to consult with your Secondary Marketing group to confirm the associated cost and to confirm your Investor (if applicable) will purchase loans with the reduced coverage.

Last Updated On April 13, 2018