Default Servicing/Claims Guides
Default Servicing Guide
Default Servicing Guide (05/01/10) provides increased flexibility in servicing MGIC-insured loans.
- Section 1, Reporting
- Section 2, Loss Mitigation Workouts
- Section 3, Foreclosure
- Section 4, Real Estate Owned (REO)
- Section 5, Claim for Loss
- Section 6, Exhibits
- Section 7, Default Servicing Tools
Loss Mitigation Guide
Loss Mitigation Guidelines (05/01/10) explains conditions under which:
- you have delegated authority (see below) to approve loss mitigation workouts OR
- nondelegated requirements apply.
MGIC Delegated Servicing Authority
To facilitate your loss mitigation efforts, MGIC offers Delegated Guidelines to help streamline your default servicing processes. You can use this authority to approve or complete loss mitigation workouts without our prior approval.
Using Delegated Guidelines is optional; we are happy to work with you on any workout type.
