Why do the Upfront and Annual MIP Factor fields show zero percent when there should be a value?

TOTAL Mortgage Scorecard was changed to discontinue returning the Upfront and Annual MIP factors back to the AUS which caused the factor fields on these screens to display a zero until enough information has been entered into the Insurance Application screen to calculate and display the correct factor.  These fields will display “TBD” instead of zero until the Insurance Application screen has enough information to calculate the correct factor.

For more information, see FHA Info #16-36 available at: https://www.hud.gov/program_offices/housing/sfh/FHA_info_messages

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-03221