Default Servicing
When borrowers miss a second consecutive mortgage payment, it triggers a chain of events. MGIC helps you methodically follow the links of the chain toward curing the default using loss mitigation options, or if need be, filing and settling a claim.
It’s important to keep MGIC apprised of your default servicing activities:
Guidelines
See Section 1 of MGIC’s Default Servicing Guide.
- Section 3.02 for state time frames
- Section 3.04 for bidding instructions
- Section 5 for instructions for filing a claim
Support
Contact MGIC Customer Service, customer_service@mgic.com or 1.800.424.6442.
View our training tutorial, File/Update a Default through MGIC/Link.
