How to Enter Mortgage Insurance (MI)

Loan and Property Menu / Overview Menu > Terms and Mortgage
- Double-click a field or click the Edit pencil to open edit mode.
- Enter the MI rate directly into the fields — use the PMI % for single-premium MI, or the Annual MI Rate for monthly MI
Proposed Housing Expense > Mortgage Insurance calculator
- Click the calculator icon to open the MI side panel and enter the details.
Details of Transaction > g. PMI, MIP, Funding Fee
- Click the calculator icon to open the MI side panel and enter the details.

Enter the PMI percentage. The dollar amount will display next to it.
Set Lender-Paid MI to Yes or No.
If borrower-paid, enter any portion not financed in the loan amount into the Amount Paid in Cash field.
The PMI Financed and Loan Amount with PMI Financed update automatically.
The premium will also display in Details of Transaction > g. PMI, MIP, Funding Fee.

Enter the percentage into the Annual MI Rate field.
The system will automatically calculate the monthly MI amount.
The monthly MI will appear in Proposed Housing Expense > Mortgage Insurance.

Note: This KB highlights common fields you may see in this section. Additional fields may appear on screen but are not listed here.

In Loan Additional > Mortgage Insurance Detail, you can record extra MI information such as:

Click Save once finished.

Learn how to enter Mortgage Insurance (MI) in a loan file. This guide covers entering the MI percentage or annual rate, handling borrower-paid vs. lender-paid premiums, and completing additional MI details when needed.