Automated Underwriting

RMIC is a recognized industry leader in contract underwriting. Our Contract Services are among the most comprehensive in the industry and have set the standard for systems providing agency access.

You can use RMIC Contract Services technology to submit loans for contract underwriting and mortgage insurance. RMIC's ELS (Electronic Loan Submission) system allows for direct submission to Fannie Mae's Desktop Underwriter and Freddie Mac's Loan Prospector. In addition, ELS and our B2B portals allow you to submit Mortgage Insurance only requests. ELS allows for fast and secure data transmissions via the internet in seconds, which increases speed and accuracy while reducing paperwork and faxes.

RMIC also will accept loan data through Freddie Mac Loan Prospector, Fannie Mae Desktop Originator, Fannie Mae Desktop Underwriter, fax or other traditional methods.

RMIC's Contract Services technology helps you:

• Generate significant cost efficiencies while accessing both Freddie Mac and Fannie Mae underwriting systems, without requiring an exclusive commitment to a single system.
• Close loans more quickly by reducing processing time and effort.
• Access flexible options to meet your needs.
• Reduce potential buybacks and quality control audits.
• Save time by receiving RMIC Mortgage Insurance and RMIC contract underwriting decisions along with Freddie Mac and/or Fannie Mae recommendations.