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Radian LPMI and lenders in California

I'm trying to refi my loan but no one will service my loan due to my LPMI with Radian. 4 agencies have denied my loan for that reason. Are there any lenders willing to work with Radian under the HARP 2.0 program. by anthon_679_676 from Long Beach, California. May 29th 2012 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

There are lenders out there that will accept Radian... Search for a mortgage broker who deals with CMG Financial, Icon Residential, or Bay Equity.. all 3 of these will accept Radian LPMI and lend in CA.. It's possible that there are many more, but these are 3 that I know of... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

May 29th 2012
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Bryan Wilson (bwilso_772_176)
#549 ranked lender in California - 1 contribution

I have lenders who have radian and do Harp 2.0 as well. Please feel free to call ma at 949-533-9333

May 29th 2012
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Cindy MacDonell (Cindy Wright)
#148 ranked lender in California - 21 contributions

Enter your answer here

May 29th 2012
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Cindy MacDonell (Cindy Wright)
#148 ranked lender in California - 21 contributions

Bay Equity Home Loans works with Radian and we also have the HARP 2.0. Please feel free to contact me at any time and I can determine if I can help you. Cindy MacDonell 707-2036-2832 Cell or office is 707-583-8117Thank You!

May 29th 2012
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Larry Gray (lgray_312_247)
#597 ranked lender in California - 1,139 contributions

We do them, but it is true, no one used to do them except the lender currently servicing the loan, on HARP 1. HARP 2 is a different story. I do not think many banks want to do them other than with loans they currently service, however, we do them. If your loan is much "underwater" I think the best bank is the one we use as Brokers. I think otherlenders around the country would agree. We are direct lenders and can do these things with a few correspondentlenders who service the loans. But- again, our best rates and best lender for accepting Radian MI or any otherchallenge, we have the best bank in the nation for that per our Broker relationship.

May 29th 2012
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Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions

We can also help you...feel free to contact me...Local- in your backyard....562.987.2184...DanRPM Mortgage

May 29th 2012
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Generally Lender Paid MI is not transferable to a new lender. If 4 different lenders have told you that your policy is not transferable, you may be forced to continue to use your current servicer for a HARP refi. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

May 29th 2012
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