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WALNUT CREEK, Calif. (Map) -
RateQuote 2.0 offers up to five payment option comparisons at one time and provides a seamless transition to the e-PMI Origination system, where a mortgage insurance application can be submitted for underwriting with one click.
"Mortgage insurance is not a one-size-fits-all product, and we want to
give our customers a tool that allows them to easily identify the best rate
and payment plan for their borrowers," said
Other features include instantly identifying properties located in distressed markets and providing a detailed error message when a rate is not available. Loan officers can print a professional-quality comparison chart to present to customers.
To get started, users enter loan and property information, such as zip code, appraisal value, and loan amount, and then select from multiple payment plans.
The RateQuote 2.0 calculator can be accessed at http://www.pmi-us.com/ratequote.
The PMI Group, Inc.
The PMI Group, Inc. (NYSE: PMI), headquartered in
Cautionary Statement: Statements in this press release that are not
historical facts or that relate to future plans, events or performance are
'forward-looking' statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are subject to a
number of risks and uncertainties including but not limited to: changes in
economic conditions, economic recession or slowdowns, adverse changes in
consumer confidence, declining housing values, higher unemployment,
deteriorating borrower credit, changes in interest rates, the effects of
natural disasters, or combinations of these factors. Other risks and
uncertainties are discussed in our SEC filings, including our Annual Report
Form 10-K for the year ended
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