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#1959425 - 09/04/14 07:07 PM PMI Cancellation
swiggles Offline
Power Poster
swiggles
Joined: Aug 2001
Posts: 7,351
We have ONE loan on our books covered by PMI. The owner sold the home so the loan will be paid off.

I know this is a dumb question, but do we notify the PMI company of the pay off, or just quit paying? I've not had this question before for obvious reasons.
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Lending Compliance
#1959431 - 09/04/14 07:13 PM Re: PMI Cancellation swiggles
ahkcompliance Offline
Diamond Poster
Joined: Sep 2008
Posts: 2,474
Midwest
We notify our PMI company. They could receive a refund if paid in advance.

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