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In order to have an effective mortgage program, your credit union must first execute many steps. Mortgage Insurance (MI) is one of those important steps. If done correctly, all parties benefit; your members gain the ability to obtain a loan with more options and better rates, and your credit union has some protection from risk.
Genworth tracks the MI decision errors of their clients on a quarterly basis. Read Genworth’s report on this quarter below so that your credit union can avoid making these mistakes. Learn more at: www.nafcu.org/genworth