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Legacy Origination & Servicing Guide Effective December 18, 2023Radian Legacy Origination Servicing GuideRevision highlights Revisions for December 18, 2023, PageSectionTitleUpdate Description16173.7Postactivation
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Radian legacy origination servicing refers to the management and administration of mortgage loan origination and servicing operations, focusing on the legacy systems and processes of Radian Group, which provides mortgage and risk management services.
Entities involved in the mortgage origination process, including mortgage lenders and servicers offering Radian products or services, are typically required to file radian legacy origination servicing.
To fill out radian legacy origination servicing, applicants must provide accurate data regarding their mortgage origination processes, including loan details, borrower information, and servicing practices, following the specific forms and guidelines provided by Radian.
The purpose of radian legacy origination servicing is to ensure compliance with regulatory requirements, improve transparency in mortgage servicing, and facilitate risk management in the mortgage industry.
Information that must be reported includes loan origination details, borrower financial information, loan performance metrics, and servicing practices, all of which are essential for risk assessment and compliance.
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