Default Servicing
Report Defaults
Reporting Requirements
When a borrower becomes 2 payments past due, report the default to MGIC via:
- MGIC/Link Servicing - select File/Update a Default in the main menu OR
- Automated Default Reporting (ADR):
- Produce the ADR file no earlier than the 20th day of the month, AND
- report to MGIC by the 3rd-to-last business day of the month.
Guidelines
See section 1.02 of MGIC’s Default Servicing Guide.
Support
Contact MGIC Customer Service, customer_service@mgic.com or 1.800.424.6442.
For ADR setup, contact MGIC eCommerce Services, ecommerce_services@mgic.com or 1.800.558.9900.
View our training tutorial, File/Update a Default through MGIC/Link.
