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Refi-to-Mod (RTM) loans

Submit HARP, Fannie Mae high LTV refi and Freddie Mac Enhanced Relief Refinance loans using our Refi-to-Mod (RTM) program, which allows you to originate a new loan through refinancing while we process it as a modification, keeping existing MI coverage intact.

The program is open to all MGIC-insured loans with standard primary coverage.

When either Agency announces changes to its program requirements, the changes also apply to our RTM program, unless we provide separate notice that limits their changes.

Is your loan insured by MGIC?

Login to check whether a loan is MGIC-insured. (Sign up if you need a user ID and password.)

In the Loan Center main menu, select Resources > Check if MGIC-insured.

Submit qualified MGIC-insured RTM loans through the Loan Center or via fax. Regardless of how you submit a loan, you can follow its progress on the Loan Center.

Submit online via the Loan Center

Login to the Loan Center to submit RTM loan modifications. Need a user ID and password? Sign up here.

Once you submit a loan, follow up on its progress on the Loan Center.

For automated processing with 24-hour turnaround, enter data to complete the online RTM request form.

For manual processing, upload electronic loan file documents, including the 1003, 1008 and one of the following request forms:

Learn more about submitting RTM modification data for automated processing.

Submit via fax

Fax the 1003, 1008 and appropriate editable RTM request form to 1-800-437-1350. You can also save these forms as a PDF for your records and submit the documents to our Loan Center website.

Activate MI Coverage

To activate MGIC MI coverage, notify MGIC within 15 days of loan closing. Loans must close on or before the Commitment expiration date.

If premium is due (Annual Premium):

  • Loan Center – Select Manage Existing Loans; search for the Loan File
    • Open the file folder icon under Loan Options; select Activate Coverage
  • MGIC/Link Servicing – Select Activate Coverage in the main menu
  • Mail the completed Modification Activation Notice along with premium due to MGIC, P.O. Box 488, Milwaukee, WI 53201-0488

If no premium is due (Monthly, Single or Split Premiums):

  • Loan Center – Select Manage Existing Loans; search for the Loan File
    • Open the file folder icon under Loan Options; select Activate Coverage
  • MGIC/Link Servicing – Select Activate Coverage in the main menu
  • Fax the Modification Activation Notice to 1-800-437-1350
  • Mail the Modification Activation Notice to MGIC, P.O. Box 488, Milwaukee, WI 53201-0488
  • Use a loan boarding transaction direct from your servicing system; contact customer_service@mgic.com or 1-800-424-6442 for more information
  • Batch activations – For more information, contact customer_service@mgic.com or 1-800-424-6442

When you activate coverage using the Loan Center or MGIC/Link, to complete the activation process, submit premiums due to MGIC, P.O. Box 488, Milwaukee, WI 53201-0488.

See Activation options.

RTM disaster policy

In areas affected by hurricanes or other significant disasters affecting multiple properties, before you close the loan, take appropriate steps to determine whether there is any physical damage that affects the value you submitted with the Insurance Application. You may need to obtain a property inspection.

The transaction remains RTM-eligible if:

  • There is no physical damage
  • There is physical damage, but the property is restored to its pre-event condition before the refinance is closed

The transaction is no longer RTM-eligible if:

  • There is physical damage, and the property is not restored to its pre-event condition before the refinance is closed

RTM Disaster Policy Q & A