MI Servicing

Our uniquely informed perspective on housing and capital markets allows us to understand your distinct servicing needs. Built on decades of trusted relationships, Radian Guaranty combines deep experience with streamlined resources to help you maintain accuracy and confidence across your Radian MI portfolio.

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MI Origination & Servicing Guides

Comprehensive guidance for managing loans

Our MI servicing guides provide detailed instructions for managing insured loans. These resources outline procedures to provide clarity throughout the MI servicing lifecycle.

Origination & Servicing Guide

For Radian Master Policies #RAF483 and #RAF700

Legacy Origination & Servicing Guide

For Radian Master Policy #RAF1040

Legacy Default & Claims Servicing Guide

For Radian Master Policy #RAF1040

Servicing Forms

Essential MI Servicing Forms for Every Stage

Radian Guaranty provides a complete library of forms for managing both performing and non-performing loans in your insured portfolio. These standardized documents help streamline common MI servicing activities and provide consistent processing across all requests.

MI Servicing Forms for Performing Loans

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MI Servicing Forms for Non-Performing Loans

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Rates & Resources

We strive to make doing business with Radian easy by providing you with the tools and resources to get your work completed quickly and precisely. Access all of our guides, forms, and MI rates all in one place.
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Updates & Alerts

Timely information is critical in today's dynamic housing market. Radian Guaranty's Updates & Alerts help you stay updated on changes to our mortgage insurance business areas. Our commitment to clear communication provides you with the latest information to act with confidence.
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Loan Modification

Report any modifications to maintain portfolio accuracy with confidence.

MILAR Reporting Solutions

Radian Guaranty's Mortgage Insurance Loan Activity Report (MILAR) offers tools to help servicers fulfill their monthly reporting obligations efficiently and accurately. Our platform supports the industry-standard format while providing Radian-specific guidance to help enhance compliance.

  • Submit monthly portfolio updates
  • Track loan performance metrics
  • Identify potential servicing issues
  • Maintain compliance with MI requirements
  • Efficient premium billing
  • Support claims processing when needed

Explore our resources to help optimize your monthly reporting process.

MILAR Full Data Set

169 data elements

MILAR Minimum Data Set

32 data elements

MILAR FAQ

This FAQ is intended to answer basic Servicer questions about the required MILAR reporting.

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Expand your understanding

Cancelling MI

We provide detail on the availability of MI cancellation options.* While loan servicers are responsible for notifying Radian Guaranty of specific requests to cancel MI, here's some general information:
  • Automatic Termination:
    A loan servicer is expected to request cancellation of borrower-paid MI (BPMI) when, with respect to a fixed-rate mortgage, the principal balance of the loan, based solely on the initial amortization schedule and irrespective of the outstanding balance for the loan, is first scheduled to reach 78% of the original value of the property, provided the loan is current on payments and all requirements of the Homeowners Protection Act of 1998 (HPA) are met.
  • Request Cancellation
    With respect to a fixed-rate mortgage, when the loan balance based on the initial amortization schedule is first scheduled to reach 80% of the original value of the property or, based solely on actual payments, the loan balance reaches 80% of the original value of the property. To request cancellation the borrower must send a written request to the servicer, must have a good payment history, must be current on payments required by the terms of the mortgage transaction, must satisfy any requirement of the holder of the mortgage for evidence that the property value hasn’t declined below the original value and that the equity in the property is not subject to a subordinate lien.
  • MI Refunds
    Premium refunds may be available upon cancellation, depending on the specific situation.
* MI cancellation requests are subject to the specific terms of the HPA and/or GSE or investor overlays that might be applicable to a given loan.

 

“Radian” is a brand of Radian Group Inc., including its licensed insurance affiliates. Mortgage insurance is provided and underwritten by Radian Guaranty Inc., a wholly owned subsidiary of Radian Group Inc. with home offices at 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Guaranty Inc. is a monoline mortgage insurance company licensed to write business in all 50 states, the District of Columbia and Guam.