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What is the effective date for the reduction in insurance reimbursement for claims submitted by an exceptional performer lender or servicer?

April 26, 2017effective exceptional Insurance Lender performer reduction Reimbursement submitted

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What is the effective date for the reduction in insurance reimbursement for claims submitted by an exceptional performer lender or servicer?

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The insurance percentage rate for exceptional performers will be reduced from the current 100 percent to 99 percent effective for any default claim submitted by the exceptional performer on or after July 1, 2006.