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Lender paid personal mortgage insurance policy, or LPMI, resembles BPMI except that it is paid by the lender as well as built right into the rate of interest of the mortgage. LPMI is usually an attribute of lendings that declare not to call for Mortgage Insurance coverage for high LTV financings. Consumers incorrectly think that private home mortgage insurance coverage makes them unique, but there are no personal services provided with this kind of insurance policy.