MI standard coverage 101
With a recent search increase of the term "standard coverage," we take a deeper dive with MGIC's customer trainer, Jeff Platfoot, to learn what MI standard coverage is and its direct impact on the lender.
- What is MI standard coverage level and why is it important? (0:27)
- Does premium type matter as it pertains to coverage levels? (4:17)
- Does the lender have the ability to modify the coverage level? (5:16)
- How does MI coverage impact a lender if a loan were to go into default? (6:10)
The opinions and insights expressed in this Q&A are solely those of its interviewee and do not necessarily represent the views of either Mortgage Guaranty Insurance Corporation or any of its parent, affiliates, or subsidiaries (collectively, “MGIC”). Neither MGIC nor any of its officers, directors, employees or agents makes any representations or warranties of any kind regarding the soundness, reliability, accuracy or completeness of any opinion, insight, recommendation, data, or other information contained in this blog, or its suitability for any intended purpose.