Master the Art of Private Mortgage Insurance: Unlocking Loan Structuring Strategies for Mortgage Professionals
Wednesday, January 24, 2024 at 1:30 pm CST
Credit unions exist to serve their members’ financial needs, especially when it comes to understanding the complexities of home mortgage loans. The better equipped the lending, the more successful the mortgage relationship will be. To build trust with your borrowers, you must demonstrate expertise in executing personal loan strategies to help homebuyers achieve their financial goals.
The experts from PMI Rate Pro have the in-depth experience credit union lenders need to operate most effectively on behalf of their borrowers, and Nomi Smith, PMI’s founder, and Garrett Hartzog, PMI’s strategic advisor, will share their industry insights in this ACUMA Inside Track webinar. Knowing what you need to do to serve borrowers is only part of the equation. Understanding creative strategies found within the loans’ structures to achieve those goals is the secret sauce for mortgage lending success.
The experts leading this session will offer you a wide variety of options, tips, and techniques, but the core of their presentation also includes the following must-have information:
- How to best utilize different private mortgage insurance (PMI) products
- The differences and advantages between monthly versus single mortgage insurance (MI)
- The differences between borrower-paid versus lender-paid MI
- When and why you should offer PMI options even to your 20%-down buyer
- How to use PMI to address the issue of low appraisals
It’s likely 2024 will be another challenging year for mortgage lenders. The more tools you have at your disposal and the more effectively you’re able to use them, the more success you’ll have meeting and beating competitors while better serving your members. Don’t miss this edition of Inside Track!
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Owner & CEO
PMI Rate Pro
Nomi Smith is the Owner and CEO of PMI Rate Pro. Since founding the company in 2020, Nomi has leveraged innovative strategies to position PMI Rate Pro as a unique and trusted MI pricing engine. Her experience as a mortgage officer led her to seek ways to provide better service to her borrowers, including finding better ways to quote Private Mortgage Insurance (PMI). Nomi saw an opportunity to connect all six national PMI providers and create a new pricing engine, allowing lenders to offer borrowers the best possible deal, win their client’s trust, and save homeowners money. PMI Rate Pro’s cutting-edge technology has set a new standard in the mortgage insurance industry, and she is widely recognized as a pioneer in mortgage insurance tech.
PMI Rate Pro
Garrett Hartzog, is the Strategic Advisor to PMI Rate Pro. He has nearly two decades of mortgage insurance experience and has worked for PMI Mortgage Insurance and Mortgage Guaranty Insurance Corporation, Bank of America, and the Federal Housing Finance Agency. He currently serves as the head of marketing and business development at Polygon Research, where he provides a suite of tools that democratizes mortgage market data. Garrett also hosts Fundamental Talk, a podcast devoted to intelligent discussion of things that impact the mortgage market.
PMI Rate Pro is a cutting-edge technology company hyper-focused on PMI. Our MI Pricing Engine delivers prices from all 6 MI providers across 5 standard insurance products, all with a single click of a button. The quotes can be displayed in order by best price, or in order based on our risk allocation algorithm. PMI Rate Pro has two products: MIQuote – Web application that quotes PMI and MIPrice- an API product that is a pricing engine. Learn more at pmiratepro.com.