Payment Estimator for Loan Originators

Advantages:

• Ability to compare multiple MI premium scenarios
• Property zip code is not required to receive MI premium estimates

Disadvantages:

• Zip code is not captured therefore the estimate does not take into account if a property is in a distressed market
• Property type could drive different eligibility requirements but it is not required to receive MI premium estimates

Rate Quote for Loan Processors

Advantages:

• Comparison of 5 payment plan options
• Actual origination rules are used to determine MI eligibility and rates
• Zip code is required and result applies any rules needed if the property is in a distressed market

Disadvantages:

• Credit Union must have a property zip code