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Article Excerpt
It is no secret that the mortgage insurance industry is suffering from financial problems. Yet, the industry is benefiting from the mortgage crisis in general. Fewer refinancings means more loans are staying on the MI companies' books longer. The competition from the piggyback seconds has disappeared and market share has returned.
But many newer originators do not have a lot of experience or knowledge of the product. As a result, a number of mortgage insurers, including AIG United Guaranty, Greensboro, N.C., and PMI Mortgage Insurance, Walnut Creek, Calif., have created website training programs. These programs are in addition to their more traditional training offerings.
These sites have some similarities, including that they are both designed to provide quick hits of information. They are not taking the...
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