Typically the buyer covers the cost of PMI, but the lender is the PMI company's client and shops for insurance on behalf of the borrower. Lenders usually deal with only a few PMI companies because they know the guidelines for those insurers. This can be a problem when one of the lender's prime companies turns down a loan because the borrower doesn’t fit its risk parameters. A lender might follow suit and deny the loan application without consulting a second PMI company which could leave all parties in an undesirable position. The lender has the difficult task of being fair to the borrower while shopping for the most effective way to lessen liability.
Pitch Edison Financial, LLC is a Mortgage Broker based out of Omaha, NE. As a Financial professional for over 12 years, Mark has the unique ability to navigate a complex industry to provide unmatched solutions and resources to his customers that others simply cannot. Our model allows us to create a custom experience whether you are looking for a better rate, lower fees, a quick closing, down payment assistance or help with credit challenges, we can tailor a loan that is right for you. Let us know how we can hellp you.
Company NMLS: 1703152
14301 FNB Pkwy, Suite 100
Omaha, Nebraska 68154
Phone: (402) 509-4115