Default Servicing Guide

MGIC's Default Servicing Guide provides increased flexibility in servicing MGIC-insured loans.

Please follow Generic Bidding Guidelines instructions on all MGIC-insured loans.

Each link below opens the respective chapter of MGIC's Default Servicing Guide .pdf document.

1 Reporting

1.01 Notice of Delinquency (NOD) · 1.02 Notice of Delinquency (NOD): A- Program Variations · 1.03 Monthly Delinquency Loan Status Report (MDLSR)

2 Loss Mitigation

2.01 Loss mitigation · 2.02 Loan modification · 2.03 Assumptions · 2.04 Presales · 2.05 Deeds in lieu of foreclosure (Voluntary conveyance) · 2.06 Collections: A- Program · 2.07 Property Inspections: A- Program.

3 Foreclosure

3.01 Initiation of foreclosure · 3.02 Variations · 3.03 Preclaim documentation · 3.04 State time frames · 3.05 Bankruptcy

4 Foreclosure Sale

4.01 Foreclosure bidding · 4.02 Deficiency judgment · 4.03 Third-party sales · 4.04 Methods for acquiring title

5 Claim for Loss

5.01 Claim filing tips · 5.02 Claim filing methods · 5.03 Exclusions from coverage· 5.04 Explanation of Benefits (EOB)

6 Forms

6.01 Notice of Delinquency · 6.02 Financial Analysis · 6.03 Pre-Sale Analysis · 6.04 Notice of Loan Modification on Delinquent Loans · 6.05 Uniform Mortgage Insurance Claim for Loss

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