Loss Mitigation: Home Retention Options
Repayment
You have authority to complete repayment plans on MGIC-insured loans that meet MGIC Delegated Guidelines. The repayment term may not exceed 6 months from the loan due date.
Repayment plans falling outside of MGIC Delegated Guidelines must be approved before the plan is implemented.
Guidelines
See section 2.03 of MGIC’s Default Servicing Guide.
Submission
Submit requests for approval and required documentation via MGIC/Link Servicing. Select Other Workout Types in the main menu.
Support
Contact MGIC Customer Service, customer_service@mgic.com or
1.800.424.6442.
