MGIC’s Refi-to-Mod (RTM) Programs
MGIC offers three RTM Programs that enhance refinance opportunities for borrowers who have stayed current on their MGIC-insured loans.
In support of the U.S. Treasury’s Making Home Affordable initiative, commonly known as HARP, MGIC’s HARP RTM program is designed to complement the Fannie Mae Home Affordable Refinance Options and Freddie Mac’s Relief Refinance MortgagesSM.
For refinances of MGIC-insured loans that are not owned or guaranteed by Fannie Mae or Freddie Mac, MGIC offers Non-HARP RTM programs for both the current insured servicer and new insured servicers.
HARP RTM
Non-HARP RTM Same Insured/Servicer
- Non-HARP RTM Same Insured/Servicer Request Form
- Non-HARP RTM Same Insured/Servicer Requirements (01/10/12)
- Non-HARP RTM Same Insured/Servicer Q & A
Non-HARP RTM New Insured/Servicer
- Non-HARP RTM New Insured/Servicer Request Form
- Non-HARP RTM New Insured/Servicer Requirements (01/10/12)
- Non-HARP RTM New Insured/Servicer Q & A
Submitting a loan for MGIC's Refi-to-Mod (RTM) Programs
RTM Requests can be submitted through MGIC's Loan Center or via fax.
Documents Required for the Loan Center and fax requests:
- MGIC Refi-to-Mod Request
- 1003
- 1008
Upon approval, you will receive your Modification Commitment/Certificate containing your effective and expiration dates.
Activating Refi-to-Mod loans
Premium Due or Non-HARP New Insured/Servicer RTM:
Mail the Modification Activation Notice along with any premium due, including the Modification Premium for the Non-HARP New Insured/Servicer RTM program, to:
MGIC
P.O. Box 566
Milwaukee WI, 53201-0566
Please note: This is the only method of activation available for MGIC's Non-HARP New Insured/Servicer Refi-to-Mod Program as the Modification Premium must be paid before activation will occur.
HARP RTM and Non-HARP Same Insured/Servicer with No Premium Due:
For HARP RTM and Non-HARP RTM Same Insured/Servicer where there is no premium due, you may use any of the following processes to activate insurance coverage:
- MGIC/Link
- MGIC's Loan Center
- Faxing the Modification Activation Notice
- Mailing the Modification Activation Notice along with any premium due
- Using a Loan Boarding transaction direct from the servicing system (if available from the servicing system provider)
