United Wholesale Mortgage (UWM)
has announced that it has lowered its Borrower Paid Mortgage Insurance (BPMI) premiums to offer clients an even lower monthly payment.
Coupled with its low lender-paid mortgage insurance, UWM has packaged them together as Elite M.I. The better pricing is available for 640+ FICO borrowers.
Since Elite M.I. is also Instant M.I., UWM will save brokers three to seven days on every loan by eliminating the second underwrite.