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? 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.
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
WHO SHOULD ATTEND?
- Mortgage loan servicing teams
- Mortgage loan processors
- Mortgage loan officers
- Compliance officers
- Risk management
- Auditors
MEET THE PRESENTER
Molly Stull
