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Ordering contract underwriting

Ordering contract underwriting through our contract underwriting service – MGIC Mortgage Services, LLC (MMSL) NMLS #391375 – can help you:

  • Manage your pipeline
  • Manage costs associated with underwriting loan volume including salaries, benefits and overhead
  • Save time and reduce employee workload
  • Rest easy knowing our expert contract underwriting team is dedicated to you and your organization

We underwrite insured and uninsured loans to your requirements and/or Fannie Mae’s, Freddie Mac’s and many large investors’. MMSL complies with the requirements of the SAFE Act and is licensed or registered in 49 states and the District of Columbia. See a complete list of our mortgage licenses.

Contract underwriting options

Dedicated resource + MGIC technology

If you can’t locate qualified resources in your market or accommodate additional in-house employees, consider purchasing underwriting capacity within MMSL’s underwriting network of experienced underwriters. With this MMSL service option:

  • You manage your pipeline
  • You may commit to 1 or more underwriters
  • Pricing is per-day with a credit for each contract loan that includes MGIC mortgage insurance

Additional details and terms apply.

Dedicated resource + your technology

Rather than hire a full-time underwriter, let MMSL help. We’ll assign an experienced underwriter to work in your office using your technology. When underwriters are not available in your market, and the technology is compatible, we may perform this service at an MGIC location. With this MMSL service option:

  • You manage your pipeline
  • You may commit to 1 or more underwriters
  • Pricing is per-day with a credit for each contract loan that includes MGIC mortgage insurance

Additional details and terms apply.

Underwriting on demand

Expand your capacity without committing to full-time assistance. MMSL can help you by underwriting up to 2 loans per day. With this MMSL service option, pricing is per-file for loans with or without MGIC mortgage insurance.

Additional details and terms apply

Order contract underwriting

Order contract underwriting via our Loan Center or via fax.

Regardless of how you submit a loan for contract underwriting, follow its progress on the Loan Center:

Via our Loan Center

Login to submit loans to MGIC's Loan Center.

Need a user ID and password? Sign up here.

For full-file, manually underwritten contract loans:

  • Select the Order Contract UW tab
  • Enter required data and any special File Handling notes
  • Upload loan file documents
  • Click Send Files

Learn more about ordering full-file contract underwriting through the Loan Center.

Via Ellie Mae's Encompass

Order contract underwriting without leaving Ellie Mae's Encompass®. Have your company's system administrator sign up to obtain a User ID and Password.

  • Select Order Contract UW from the Request Type drop-down
  • Check Contract UW with MI if you'd like mortgage insurance coverage on the loan

NOTE: To set up contract underwriting through Encompass, contact your MGIC Account Manager.

Via fax

Fax a completed Contract Services Request along with all loan documents to your MGIC Underwriting Service Center.

See our Underwriting Guide (UWG 1.05.03) for full-file documentation requirements.