With mortgage originations declining, lenders have a bit more time to focus on other opportunities for growing the bottom line.
Reducing the risk of losses and operational risk via Mortgage Impairment Insurance means lenders can potentially improve their yearly numbers even when the market is slowing - by being more efficient and 100% compliant.
It is common knowledge that Mortgage Impairment Insurance is valuable to a lender, but there are multiple uses that extend beyond its typical use.
By protecting yourself from potentially catastrophic losses in efficient ways, your MI policy can serve many functions beyond insuring the asset.
In fact, a properly underwritten MI policy will also serve:
Now is a good time to reevaluate your current MI policies, or consider placing and/or expanding on these policies. As the market cycles and mortgage loan originations increase again in the future, the better prepared you are to transfer the risk, the better.
We’re very proud that our underwriters are some of the most experienced in the US market. We continue to underwrite Mortgage Impairment insurance for some of the largest lenders in the country and are happy to answer any question(s) you may have.
Customizing MI policies to your specific organization’s needs is our speciality and we can provide you with support no matter how complicated it may seem.
For a top-to-bottom breakdown of every type of MI Policy, please visit our article: Miniter Group’s Complete Guide to Mortgage Impairment Insurance
Submit your Mortgage Impairment Insurance question here and we’ll get back to you with an answer within one business day!
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Want to learn more about our mortgage impairment insurance solutions? Check out these handpicked articles:
Understanding the Benefits of Mortgage Impairment Insurance
What is Mortgage Impairment Insurance?
Miniter Group’s Complete Guide to Mortgage Impairment Insurance