Along with protecting the lender from loss if a borrower stops making payments on a loan, MI offers many other benefits.

With MI, lenders can expand the market of potential home buyers since borrowers can qualify for a home more quickly than waiting to save a larger down payment or can qualify for a more expensive home. It’s also easy to get MI – more than 90% of loans submitted to RMIC are approved (based on 1999 experience).

Lenders using MI also gain access to value-added services such as Contract Underwriting, Structured Financial products and Training.