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Origination & Servicing Guide For Radian Master Policies #RAF483 and #RAF700Effective May 24, 2024Radian Origination & Servicing GuideRevision highlights May 24, 2024 PageSectionTitle173.7Remit renewal
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Gather all necessary documents such as loan application forms, identification documents, and financial statements.
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Enter borrower's information accurately and completely into the system.
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Process the loan according to the established procedures and guidelines.
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Who needs legacy origination amp servicing?

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Financial institutions that offer loans such as banks, credit unions, and mortgage companies.
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Individuals or businesses seeking to apply for a loan or mortgage.
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Legacy origination and servicing refer to the processes associated with the creation and management of financial products or loans that are older or part of an established system, often requiring adherence to specific regulations and practices.
Entities such as financial institutions, mortgage servicers, or any organization involved in the origination or servicing of loans are typically required to file legacy origination and servicing documents.
Filling out legacy origination and servicing forms generally involves gathering necessary financial information, verifying details, and ensuring compliance with relevant regulations before submitting the required documentation to the appropriate regulatory body.
The purpose of legacy origination and servicing is to ensure proper management and reporting of financial products, maintain compliance with regulatory requirements, and provide transparency in the servicing of these products.
Typically, information that must be reported includes loan amounts, borrower details, payment histories, compliance data, and any changes in terms or servicing agents associated with the financial product.
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