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PMI Code
Entry: System, numeric
F/M: Yes
Mnemonic: LNPMIC
Screen: Loans > Account Information > Additional Loan Fields > Origination/Maturity tab
The PMI Percent field and PMI Code field work together. The PMI Code field displays the code for the company that insures the mortgage. A blank field indicates no PMI.
If the loan principal is automatically increased by a calculated amount, the principal increase can be applied to insurance premiums using codes 9901 through 9907. New codes may be added by sending a work order to GOLDPoint Systems. The following codes are currently available.
Code |
Description |
01 |
General Electric Mortgage Insurance Co. Raleigh, N.C |
02 |
Verex Assurance, Incorporated Madison, Wisconsin |
03 |
CMG Mortgage Insurance Co. San Francisco, California |
04 |
Radian Guaranty, Inc. Philadelphia, Pennsylvania |
05 |
Investors Mortgage Insurance Co. Boston, Mass |
06 |
Liberty Mortgage Insurance Corp. Cincinnati, Ohio |
07 |
Mortgage Guaranty Insurance Corp. Milwaukee, Wisconsin |
09 |
Foremost Guaranty Corp. Madison, Wisconsin |
10 |
Ticor Mortgage Insurance Los Angeles, Calif. |
11 |
PMI Mortgage Insurance Co. San Francisco, Calif. |
12 |
United Guaranty Corp. Greensboro, N.C. |
13 |
Republic Mortgage Insurance Co. Winston-Salem, N.C. |
14 |
Maryland Housing Fund Annapolis, Maryland |
15 |
WMAC Credit Insurance Corp. Milwaukee, Wisconsin |
16 |
Home Guaranty Insurance Corp. Richmond, Virginia |
17 |
Commonwealth Mortgage Assurance Co. Philadelphia, Penn. |
19 |
PAMICO Mortgage Insurance Co. Blue Bell, Penn. |
20 |
Integon Mortgage Guaranty Corp. Winston-Salem, N.C. |
21 |
Triad Guaranty Winston-Salem, N.C. |
58 |
Paid Up Front |
80 |
Secured by certificate of deposit |
99 |
Self Insured |
9901 |
Life Insurance Premium |
9902 |
Disability Premium |
9903 |
Life/Disability |
9904 |
No Insurance |
9905 |
Joint Life Premium |
9906 |
Disability/Joint Life |
9907 |
Life/Accident/Health |