Private MIs Devise Programs to Pay Lenders for Improving Loan Quality MGIC and GE Mortgage Insurance want to pay mortgage lenders up to 40 basis points for providing borrower counseling and using electronic data services on certain loans, Inside Mortgage Profitability has learned. The new offerings – MGIC Advantage and GE Preferred Partner – appear to be targeted to smaller mortgage lenders that don’t have captive reinsurance programs. Like captive reinsurance, a participating lender’s compensation