About IMAGIN℠ Integrated Mortgage Insurance
Available for Wholesale Broker and Correspondent Clients
Through our partnership with Freddie Mac, Freedom Mortgage is pleased to offer Integrated Mortgage Insurance "IMAGIN℠". This new mortgage insurance solution is designed to provide a simplified loan approval process and fulfillment experience that may offer enhanced pricing for you and your borrower.
How Integrated Mortgage Insurance Works:
- The IMAGIN℠ option eliminates the need for separate mortgage insurance company approvals and MI certifications
- The full MI cost is paid "upfront" through the associated LTV/FICO-based loan level price adjustments (LLPAs provided from link below)
Key Features and Benefits:
A Competitive Advantage – Freddie Mac has invited Freedom Mortgage to participate in a special market launch for IMAGIN℠. This compelling solution is not widely available and presents a great opportunity to differentiate yourself with your borrowers and referral sources.
A Streamlined Underwriting Experience – With IMAGIN℠, you and your borrower will appreciate the additional underwriting speed and efficiency offered by an integrated mortgage insurance solution. If the borrower qualifies for an eligible Freddie Mac product, no further MI certifications are required.
More Cash Flow and Lower Payments – IMAGIN℠ eliminates monthly MI premiums, potentially resulting in a lower payment.
Broad Product Eligibility – Available with most Freddie Mac products (>80% and <=97% LTV) with the exception of Open Access and borrower(s) with no FICO scores. Minimum borrower FICO score of 620 is required.