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Training Classes
MI Basics
an MGIC Designs for Learning™ Class

How can you benefit from knowing more about mortgage insurance? Start by exercising your options.

Who Should Attend

Processors, underwriters and loan officers new to the mortgage business or looking to refresh their knowledge about mortgage insurance

Format, Time Frame

Live on e-Train, 1.5 hours

Recorded on e-Train, 35 minutes

Classroom, 2 hours

Overview

In 1957, MGIC created private mortgage insurance to help make homeownership more affordable. Today, the mortgage industry offers more financing alternatives for high-LTV lending, yet MI remains one of the safest, most affordable options for both lenders and borrowers.
Join MGIC for this fundamental workshop, and get acquainted — or reacquainted — with the basics of mortgage insurance. You’ll learn to:

  • consider, compare and conclude which options are best for borrowers;
  • understand what MI is and how it works;
  • demystify some of the misunderstandings and misinformation surrounding MI; and
  • learn how to calculate MI rates based on popular premium plans.