Global Required Field Prompt Update: Mortgage Insurance Premium, 1st Renewal Percent (FI 1104)

Global Required Field Prompt Update: Mortgage Insurance Premium, 1st Renewal Percent (FI 1104)

The field “Mortgage Insurance Premium, 1st Renewal Percent” (FI 1104) is used to calculate the USDA/RD Annual Fee, FHA Annual Fee, and Conventional PMI premiums included in the borrower’s monthly payment.

The global required field prompt for USDA/RD and FHA loans has been updated to exclude document package types that do not utilize “Mortgage Insurance Premium, 1st Renewal Percent”. As part of this update, the prompt has also been refined to remove older conditioning logic that included fields such as the “RD Obligation Date” for USDA/RD loans, and the “Loan-to-Value” and “Amortization Term” for FHA loans.

A value over 0% will be required for “Mortgage Insurance Premium, 1st Renewal Percent” for all USDA/RD and FHA loans unless one of these three scenarios applies:

• “Document Package Type” (FI 18215) is Verification, Adverse Action, Appraisal, or Title Request.
• The custom assumption loan setting “Loan Is Being Assumed” (FI 99885) is set to "Yes".
• An FHA loan is identified as Section 184 Indian Home Loan Guarantee Program, Section 184 Native Hawaiian Housing Loan Guarantee Program, or Section 247 Hawaiian Home Lands in one of the following ways:
  • “Section 184/184A Indicator” (FI 32411) is set to "Yes";
  • “FHA Section of The Act Under Which the Loan is Covered” (FI 746) includes the text “184”; or
  • “FHA Section Code” (FI 18189) is set to “247”.

These changes are available for testing on Stage & Stage 2 servers and will take effect on April 21, 2026. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.

T3S-27110

The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.