MGIC, Inc Mortgage Insurance

Information

MGIC, Inc Mortgage Insurance

MGIC Loss Mitigation Department Phone: 800 272-4071 [email protected] Fax: 1-888-601-4440 General mailing address: 250 E. Kilbourn Ave., Milwaukee, WI 53202 or P.O. Box 488 Milwaukee, WI 53201

 

Default Servicing/Claims Support

Contact MGIC’s Customer Service Department for default servicing and claims-related questions.

  • E-mail: [email protected]
  • Phone:1.800.424.6442
  • Fax:1.800.345.3291
  • Mailing address: 270 E. Kilbourn Avenue, Milwaukee, WI 53202 or P.O. Box 525, Milwaukee, WI 53201

Website: http://mgic.com
Members: 22
Latest Activity: Feb 23, 2017

MGIC info / documents

 

 Click the button to hire a Superstar in your area

Default Servicing Guide

 

MGIC Financial Analysis Form

 

Short Sale Supplement

Discussion Forum

MGIC + Celnar

Started by Jim Schneider. Last reply by Jim Schneider Apr 4, 2012. 6 Replies

"MI company + Cenlar short salePosted by Janie Howard on March 26, 2012 at 2:26pm in…Continue

Borrowed discussion regarding questions about closing a MGIC short Sale

Started by Jim Schneider Mar 22, 2012. 0 Replies

Comment by Jeff Payne on July 6, 2010 at 1:20pm Just closed an EMC short sale....  Amount owed: $260,000  Contract amount $115,000  $1000 toward buyers closing costs  $1100 for past HOA dues  6%…Continue

Tags: MGIC

Borrowed dicussion regarding a closed sale with MGIC

Started by Jim Schneider Mar 22, 2012. 0 Replies

Hello guys,  Another puzzle??? if you have an approval from the bank (Nations Star) and the investor but MGIC ( the insurance) is wanting $45K in a promissory note plus $10K to the table initially on…Continue

Tags: MGIC

Comment Wall

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Comment by Sheila Vardakis on June 1, 2012 at 3:55am

can't wait to hear what you found out Smitty...............please post when you do.

Comment by Smitty on May 29, 2012 at 1:39pm

Sheila, you rock.  I just got stopped dead in the water.  The file went to the investor for approval then came back wanting $11,000 more.  They want 95% of BPO price which is CRAZY and to boot their valuation is $20,000 higher than market value....What gives.

I will try the Tom Peterson you listed and post back.

Comment by Sheila Vardakis on May 25, 2012 at 6:20pm

Smitty,

I would ask USB who their contact is at MGIC and contact them directly. My situation was over the 1st not allowing the seller to bring funds to closing to satisfy the 2nd and I was able to get MGIC to allow this once I spoke with them.  

 

I'm also going to give you the person I dealt with at MGIC who was extremely nice and the one I worked with on my file.  I would think he can tell you who is working your file.  Tom Peterson 800-272-4071 x4981

 

Many blessings to you!  :)

Comment by Smitty on May 25, 2012 at 3:34pm

Hi guys,

any tips for me?  US BANK primary and CITI secondary.  After sitting for months with USBANK we finally got movement, but were told that MCIG would only pay $500-$1000 to CITI, and I'm pretty sure CITI wants around $3500 for release.  Haven't worked with MCIG yet. 

Thanks in advance.

Comment by Kevin - Greenville, SC on April 4, 2012 at 11:42pm

Yes sir, knowledge is leverage.

Comment by Jim Schneider on March 22, 2012 at 3:43pm
So if there is anything I've learned from Kevin Lancaster and Michael Schneider, it's that knowing the terms FHA/HUD puts on servicers can make or break a short sale. MGIC is the largest private mortgage insurer, and there's quite a lot of available info to help keep you one step ahead.
 

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