Quicken Loans Mortgage Services continues to offer industry leading MI pricing for both Refinance and Purchase loans. Don’t overlook our attractive MI updates also available for High Balance Loans. Log into the Portal now to get superior MI pricing, or start below for some helpful tools.
QLMS offers two types of Mortgage Insurance:
Borrower Paid [BPMI]
BPMI is paid monthly by the client as an added cost in their total mortgage payment. It’s easy to get hung up on rates, check out this scenario to visualize the difference.
Lender Paid [LPMI]
LPMI is in lieu of the monthly MI payment, the client takes a higher interest rate on their mortgage.
Pass the Qualified Mortgage Points and Fee test by using available rate premium to cover the required MI.
With the new Qualified Mortgage rules in place, it can be more challenging to find a selling point that differentiates you from your competition. When you can clearly show the cost savings to your client, you establish trust that hopefully equates to family and friend referrals.
Log into the portal now for QLMS LPMI Pricing. Not a Partner? Fill out the adjacent form and a loan expert will be in touch today.
See instantly what you can save your clients with our MI Advantage Compare Calculator.