What would the mortgage industry look like if loan officers were restricted to handling only purchase loans in 2025? In this eye-opening episode of The MikedUp Show, we sit down with Terry Aikin, Managing Director at MGIC and a seasoned expert with over 38 years in mortgage banking and insurance, to explore this intriguing scenario and much more.

Terry shares his wealth of knowledge about the evolving role of mortgage insurance (MI) and its critical importance in today’s market. He breaks down the differences between PMI (Private Mortgage Insurance) and FHA loans, highlighting their unique benefits for borrowers and their relevance in a purchase-driven market. Whether you’re a new loan officer or a seasoned professional, this episode provides actionable insights to help you adapt to an unpredictable future.

A passionate advocate for responsible lending, Terry discusses how organizational culture influences behavior, creativity, and growth within the mortgage industry. Drawing on his extensive experience as an instructor for the MBA’s School of Mortgage Banking, Terry dives into the historical and strategic importance of MI and its role in fostering homeownership.
This episode is packed with actionable takeaways and strategic insights tailored for mortgage professionals navigating uncertain times. Terry’s deep understanding of the industry and his ability to anticipate market trends make this discussion essential listening for anyone in mortgage banking.

Whether you're looking to better understand MI, adapt to a purchase-heavy market, or gain a competitive edge, this episode equips you with the tools to succeed in 2025 and beyond. Don’t miss Terry’s thoughtful perspectives on the intersection of risk management, borrower advocacy, and innovation in the mortgage industry.