Private Mortgage Insurance: From Calculation to Cancellation
Does your institution require private mortgage insurance (PMI)? Do you know exactly when PMI must terminate under the Homeowners Protection Act, how property value changes affect termination, and whether your TRID disclosures accurately reflect the chosen premium structure? This comprehensive session will detail how to strengthen disclosures, ensure accurate TRID documentation, meet every lifecycle notice obligation, and confidently manage PMI processes from origination through termination.
KEY WEBINAR TAKEAWAYS
- Timing requirements for PMI cancellation and termination
- Properly disclosing various premium payment options on the LE and CD
- Calculation of required termination and cancellation percentages
- Notice requirements at origination, annually, and at cancellation
BONUS MATERIALS
- Sample notices
- Compliance checklist
WEBINAR DETAILS
This webinar will provide a clear, practical breakdown of how PMI really works, the critical notice requirements under HOPA, and how to properly disclose PMI on TRID documents. With multiple PMI premium structures available, ensuring your TRID disclosures accurately reflect the selected payment method is essential — and we’ll show you how to get it right.
HOPA — also known as the PMI Cancellation Act — sets strict federal standards for PMI disclosures, borrower notifications, and termination timelines. We’ll walk through each requirement, including the many lifecycle notices that institutions often overlook or assume are system-generated. If you want to strengthen compliance, avoid costly errors, and gain confidence in your PMI processes, this session is for you.
