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      6344 PMI Coverage must be greater than or equal to 16%

      SYMPTOMS

      An error occurs when you export a Point file to ULDD and then upload it to another system:

      "PMI Coverage must be greater than or equal to 16%. "

       

      CAUSE

      The Coverage % field is not filled in correctly

       

      RESOLUTION

      Enter the Coverage %

      1. Open the loan file.

      2. From the menu bar, select Banker > Closing Documents > Loan Program Information.

      3. From the Mortgage Insurance section, enter the Coverage percentage.