Glossary entry
Lenders mortgage insurance (LMI)
Lenders mortgage insurance (LMI) protects lenders against borrower default on higher-LVR loans, and often influences policy and approval conditions.
Category
Lending technology
Definition
Where it fits in origination
- LMI eligibility checks during assessment
- Conditional approvals that depend on insurer outcomes
- Evidence capture of requests and responses
Related terms
LMI integrationLoan-to-value ratio (LVR)Looking for something else? Browse the fulllending technology glossary.
Looking for something else? Browse the fulllending technology glossary.
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