Skip to content
KnowledgeCity

Homeowners Protection Act Compliance

Apply PMI compliance standards through structured servicing controls.
Preview the first lesson free. Get full access to all 21 lessons.
Request a demo
Course: On-Demand
Provider :  KnowledgeCity  6 chapters ·  21 Lessons ·  1h 23m  in English 

Course Description

In this Homeowners Protection Act Compliance course, you’ll understand how to apply federal PMI cancellation and termination requirements in mortgage origination and servicing. We’ll also examine disclosure obligations, borrower rights, and institutional controls. This matters because missed milestones or improper billing can create regulatory findings and civil liability. To build that capability, we’ll move from statutory foundations into operational execution and oversight expectations.

We’ll break down PMI eligibility thresholds and servicing workflows, demonstrating how milestone tracking systems and documentation controls support compliant execution. You’ll develop the ability to monitor loan-to-value benchmarks accurately and manage cancellation and termination events with defensible records. We’ll also cover regulatory supervision, civil liability exposure, and servicing transfer continuity to give you a complete understanding of Homeowners Protection Act compliance. By the end of this course, you’ll be able to execute HPA requirements accurately across the loan lifecycle.

Learning Objectives:

• Explain HPA PMI cancellation and termination requirements

• Calculate loan-to-value ratios using original value standards

• Apply borrower-requested cancellation eligibility criteria accurately

• Execute automatic PMI termination and midpoint safeguards

• Evaluate institutional controls and regulatory risk exposure

What You'll Learn

  • Explain HPA PMI cancellation and termination requirements
  • Calculate loan-to-value ratios using original value standards
  • Apply borrower-requested cancellation eligibility criteria accurately
  • Execute automatic PMI termination and midpoint safeguards
  • Evaluate institutional controls and regulatory risk exposure
  • Manage cancellation and termination events with defensible documentation and records

Key Takeaways

  • The Homeowners Protection Act sets federal PMI cancellation and termination requirements that apply across mortgage origination and servicing.
  • Missed milestones or improper PMI billing can create regulatory findings and civil liability for institutions.
  • Milestone tracking systems and documentation controls support compliant execution of PMI cancellation and termination events.
  • Accurate monitoring of loan-to-value benchmarks, calculated using original value standards, underpins PMI eligibility decisions.
  • Servicing transfer continuity, regulatory supervision, and borrower remedies are all part of a complete HPA compliance program.

Frequently Asked Questions

Who is this course for?

It is designed for professionals involved in mortgage origination and servicing who need to apply federal Homeowners Protection Act PMI cancellation and termination requirements, including those responsible for institutional controls and oversight.

What topics does the course cover?

It covers HPA regulatory scope, private mortgage insurance requirements, loan-to-value thresholds and calculations, disclosure requirements, borrower-requested cancellation, automatic termination, monitoring and control frameworks, servicing transfers, regulatory supervision and examination, civil liability and borrower remedies, financial penalties, documentation and recordkeeping, and borrower communication standards.

What skills will I gain?

You will build skills in loan-to-value ratios, mortgage insurance, and regulatory compliance — including calculating LTV using original value standards, applying cancellation eligibility criteria, executing automatic termination and midpoint safeguards, and evaluating institutional controls and regulatory risk exposure.

How is the course structured?

The course moves from statutory foundations into operational execution and oversight expectations, with lessons on definitions, thresholds, and workflows, plus periodic "Test Your Knowledge" checks throughout.