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#842814 - 10/25/07 10:02 PM Private Mortgage Insurance
Sam I Am Offline
New Poster
Joined: Oct 2007
Posts: 3
We offer a mortgage loan program that requires PMI coverage. We forward the loan package to the third-party vendor who underwrites accordng to their guidelines. If the application is denied, the PMI company does not send an AAN. Should we send the AAN with the reasons the PMI company declined it for or for unable to obtain PMI coverage?


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Lending Compliance
#842838 - 10/25/07 10:22 PM Re: Private Mortgage Insurance Sam I Am
Suwannee Offline
Platinum Poster
Joined: Jun 2002
Posts: 641
You need to check your contract with the PMI company. Their contract generally states who is to send the denial letter.
When you lose, don't lose the lesson.

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