Westpac LMI

[Thomas]

Hi, was wondering if anybody knows whether Westpac do their own LMI or use someone else?

Regards
Thomas

 

[caporale]

Westpac have their own LMI and RAMS now use them also.

 

[Rolf Latham]

Depends

WLMI is portfolio re insured through Genworth so 99 % of deals never get to them

In some cases you can get stuck, usually in higher level lo doc loans.

ta
rolf