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Announcement 2019-021: Borrower Paid Mortgage Insurance "BPMI"

Borrower Paid Mortgage Insurance "BPMI"

Access to competitive products and pricing necessary to meet your borrower's needs is critical to your success. We have heard you and as a result NewRez is pleased to announce new and improved borrower paid mortgage insurance rates "BPMI". Rates are effective with MI certs obtained on or after March 18, 2019.

 

New rates will not be available in Marksman at this time. A NewRez rate tool is being created and will be available for distribution shortly. Disclosures issued to the borrower will be populated with the new rates. A message will show up in our LION portal advising that if the loan has MI, use the Submit with Changes button.