RMIC has almost three decades of experience working with servicers to prevent losses or mitigate their severity. Through loan modifications, advance claim payments or short sales, fewer than 3% of our reported delinquencies result in a claim.

When a claim does occur, our Loss Mitigation group successfully reduces the losses in more than 40% of our settlements. We work to help borrowers maintain their homes while avoiding problems for our lender partners.

RMIC's Loss Mitigation Specialists work with the Insured to evaluate alternatives to a foreclosure. RMIC provides customers on-site training with its program, "Alternatives to Foreclosure."

• Repayment Plans
  30-60 days repayment plans are customary; plans over 90 days are usually formalized with an executed repayment agreement
• Forbearance Agreement
  Delays foreclosure and allows a period of reduced or suspended payments
• Loan Modification
  Modify the balance, extend the loan term or add delinquent payments to the end of the mortgage
• Re-Amortization of the Loan
  Extend the amortization period
• Loan Assumption
• Borrower's Pre-Sale
  Allow the house to sell prior to foreclosure (with or without loss)
• Lender Titled Pre-Sale
  Lender acquires title and sells the property (with or without loss)
• Deed in Lieu
  Lender accepts property deed in lieu of pursuing a foreclosure