MI Essentials: What happens when a borrower defaults on a loan?

Download the MI Essentials Workbook to ensure your understanding of the content and check your knowledge: https://www.radian.com/-/media/Files/Enterprise/Training/FOD-Workbooks/MI-Essentials/MI-Essentials-Workbook.pdf
Verify your quiz answers: https://www.radian.com/-/media/Files/Enterprise/Training/FOD-Workbooks/MI-Essentials/MI-Essentials-Answer-Key.pdf

Learn what happens when a borrower defaults on a mortgage loan, and how mortgage insurance may aid in avoiding or minimizing financial losses for all parties involved. We discuss:
- Potential alternatives to foreclosure
- The claims process
- How losses are covered and who covers them

MI Essentials offers a comprehensive introduction to Mortgage Insurance (MI), covering its purpose, benefits, processes, and cancellation procedures for both lenders and borrowers. Visit the series page: https://www.radian.com/news-and-knowledge/training/foundations-on-demand/mi-essentials?utm_source=training&utm_medium=video-description&utm_campaign=mio-tutorials

Explore other videos in this series:
- Introduction to Mortgage Insurance Essentials: https://videos.radian.com/watch/Ht9r7Ws2JZKouCkD3TZZGn?
- What is Mortgage Insurance?: https://videos.radian.com/watch/vakarZJw8Xaj1cUZjP8vQG?
- How Does Mortgage Insurance Work?: https://videos.radian.com/watch/RkeL4rE7pnxBGYDKqkF5A6?
- Mortgage Insurance Cancellation: https://videos.radian.com/watch/wxHiDfCqh1XDfR1CLzDybW?

Need more help?
- Visit the Knowledge Center page on MI Online
- Find your Radian Account Manager: https://www.radian.com/account-manager-finder?utm_source=training&utm_medium=video-description&utm_campaign=mio-tutorials
- Contact Radian Customer Care: CustomerCare@Radian.com or +1 (877) 723-4261 (RADIAN1)

Visit Radian National Training for additional mortgage & real estate learning content: https://radian.com/training?utm_source=training&utm_medium=video-description&utm_campaign=mio-tutorials

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