What is PMI Elimination?
BHomeowners who’ve built at least 20% equity may still be paying private mortgage insurance unnecessarily. Eliminating PMI not only lowers their monthly mortgage payment but also improves long-term affordability—without changing their lifestyle.The Right Audience
Targets homeowners whose original mortgage required PMI but now meet the 20% equity threshold. Ideal for those who purchased with low down payments and have benefited from home value appreciation or consistent mortgage paydown.Outreach Channels
Use direct mail|email|phone calls|and online ads to inform and prompt action. Direct mail can feature a QR Code savings calculator. Email can provide step-by-step eligibility guidance. Phone calls offer a personal review|while online ads reinforce awareness.Measuring Success
Track the number of PMI removals, monthly savings achieved, engagement with educational materials, and percentage of inquiries converting to closed refinances or loan servicing changes. Monitor follow-up conversions to other mortgage products.