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:

• report defaults
• update default status

Guidelines

See Section 1 of MGIC’s Default Servicing Guide.

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.

 

Default Servicing/Claims Guidelines

Claims Bulletins

Loss Mitigation

Default Servicing Training Tutorials

Claims Training Tutorials

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