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April 1, 2009
Dear Valued Customer:
As the market continues to reshape itself, MGIC continues to evaluate our product and service offerings. As a result of our recent review of Contract Underwriting Services, we are modifying our program as follows:
- Effective June 1, 2009 MGIC will no longer accept uninsured business in our Underwriting Service Centers. Our Underwriting Service Centers will be available to underwrite your Contract-with-MI and MI-only loans.
- MGIC’s Contract Underwriting Services for uninsured business will only be available with on-site underwriting at a per-day pricing fee.
We understand these changes may have an impact on your operations; if you have questions, please contact your MGIC Account Manager.
MGIC values our partnership and looks forward to working with you in the future.
Sincerely,
Cheryl Webb
Senior Vice President – Field Operations