DSNews The homepage of the servicing industry
""""Radian Guaranty Inc."""":http://www.radian.biz, the mortgage insurance (MI) subsidiary of Radian Group, announced the availability of additional training and resources to help lenders """"comply with the new Qualified Mortgage"""":http://www.radian.biz/QM (QM) rule that went into effect on January 10.
[IMAGE] [COLUMN_BREAK]Radian's """"45-minute webinars"""":http://bit.ly/radianwebinars discuss how QM impacts MI and the QM-compliant product options offered by Radian including a new, lower price for borrower-paid MI.
""""Radian is ready with a variety of simple and QM-compliant MI options for our customers and their borrowers,"""" said Brien McMahon, chief franchise officer for the Philadelphia-based mortgage insurer. """"Our QM webinars have received tremendous feedback and we are adding more to help assist our customers based on popular demand.""""
Radian also offers tools to aid with the transition to QM, such as a """"Loan Amount Estimator"""":http://www.radian.biz/page?name=LoanAmountEstimator which gives lenders that are capping their debt-to-income ratios (DTI) at 43 percent the ability to calculate maximum loan amounts and sale prices based on the MI products selected.
The Loan Amount Estimator can also be used for non-MI loans and is accessible through the company's MI rate finder app called Radian Rates, available in the """"App Store"""":https://itunes.apple.com/us/app/radian-rates/id551753287?mt=8 for iPhone and iPad and on """"Google Play"""":https://play.google.com/store/apps/details?id=com.radian for Android devices.
