Loan Prospector Mortgage Insurance Service Retiring
On October 1, 2006, Freddie Mac will retire the mortgage insurance service in Loan Prospector®. Since its inception, we've valued the Loan Prospector link with mortgage insurers and for many years the Loan Prospector mortgage insurance service was a useful value-add. However, based on current usage levels of the service and the changing needs of our customers, on October 1, 2006, we are retiring the mortgage insurance service in Loan Prospector.
Since we first announced the discontinuation of this service in September 2005, we've been working with service users to ensure they are prepared for the October 1 retirement. However, if you're still using Loan Prospector's mortgage insurance service, it's important that you:
- Print out and save any mortgage insurance details provided in Loan Prospector prior to October 1. Starting October 1, you will no longer be able to retrieve this information within Loan Prospector and will need to contact your mortgage insurance company directly to obtain this information if you haven't saved it separately.
- Work with your existing mortgage insurance representative to select an alternative method to obtain mortgage insurance. Alternatives include using the mortgage insurance feature within your loan origination system, if available, or working directly with your mortgage insurance provider via their website. A list of the mortgage insurance companies that currently participate in the Loan Prospector mortgage insurance service with their contact information is available below. You may also decide to use other industry mortgage insurance providers, as permitted in the Freddie Mac Single-Family Seller/Servicer Guide.
Beginning October 1, you will no longer see the option to select the MI service in Loan Prospector. After October 1, if you attempt to reassess any pipeline loans that you've used the MI service with, or change any data associated with pipeline loans, the data will not transfer to the MI companies. If you make any changes to pipeline loans, you'll need to work directly with your MI company to ensure they have the latest data.
Participating Mortgage Insurance Service Providers
Contact Information
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Mortgage Insurance Name | Primary Contact | Secondary Contact |
AIG United Guaranty |
Appropriate AIG United Guaranty Sales Personnel Please use existing Sales Personnel contact information |
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CMG Mortgage Insurance Company |
CMG Mortgage Insurance Company Account Executive |
Eastern Regional Sales Director, Ira Oskowsky Central Regional Sales Director, Tom Murphy Western Regional Sales Director, Suzette Jordan |
Genworth Mortgage Insurance Corporation
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Mortgage Guaranty Insurance Corporation
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eCommerce Services
Sherry_Gajeski@MGIC.com or Mike_Mueller@MGIC.com (800) 558-9900 (ext. 6506 or 6916) |
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PMI Mortgage Insurance Company
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Radian Guaranty, Inc.
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Current Radian Account Team Please use existing Account Team contact information |
Please contact 1-800-523-1988 if you do not have contact information
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RMIC (Republic Mortgage Insurance Company)
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Will Vickers |
RMIC Sales Customer Service Center (800) 999-7642 Ext. 4300 |
Triad Guaranty Insurance Corporation
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Triad Account Executive (Mortgage Insurance Executive) Please use existing Account Executive contact information |
eCommerce Dept (800)-451-4872 |