Loan servicing tools

Navigate to: Loan servicing via MGIC/Link Servicing | Electronic Data Interface | Electronic Claim Payments | Direct Deposit Premium Refunds | Automated Default Reporting | Automated Renewal Billing | Secure File Transfer

Our loan servicing tools include a comprehensive, secure web platform — MGIC/Link Servicing — as well as automated and electronic data connections that make servicing your MGIC-insured loans even easier.

MGIC/Link Servicing provides you the ability to complete MI Servicing tasks!

Mortgage insurance servicing tasks

• Activate mortgage insurance coverage
• Transfer servicing
• Change loan numbers
• Report loan modifications
• Cancel mortgage insurance
• Access billing and premium details (learn more)
• Access Gold Cert reports

Default servicing tasks

• Report defaults
• Update default status
• Report loan modifications on delinquent loans (learn more)
• Request approval for loan modifications outside of our delegated guidelines
• Request approval for deeds in lieu, short sales and other borrower workouts

Claims servicing tasks

• File claims
• View claim status and payment details
• View pending claims
• Respond to document requests; upload documents

You may use EDI for the following servicing tasks:

• Mortgage insurance servicing
  • Activate mortgage insurance
  • Transfer servicing
  • Cancel mortgage insurance
  • Premium billing
• Default reporting — see Automated Default Reporting below
• Claim servicing
  • File a claim
  • Receive Explanation of Benefits statements

• Receive claim payments via electronic deposit to your account — contact your Servicing Relationship Manager for more information.

Our Direct Deposit Premium Refund option electronically transfers funds into your designated account within as few as 2 business days of processing your refund request.

Go to mgic.com/speedyrefund to authorize direct deposit.

Once we receive your authorization, we’ll:

• Work with you to set up direct deposit for your designated branches or offices
• Test to ensure the successful transfer of future funds
• Email a daily direct deposit reconciliation report to your designated email address the day before funds are deposited to your account

Submit required default reporting with ADR, which is supported by most service bureaus and software vendors, to:

• Report defaults
• Update default status

Receive your renewal billing details with ARB, which is supported by most software vendors, and take advantage of:

• No minimum portfolio size
• TXT (Excel) bill formatting

Securely exchange files and documents with us. All data transmissions are Secure Socket Layer (SSL) encrypted. You can send and receive any file type (e.g., PDF, XLS, DOC, etc.).