Loan servicing tools
Our loan servicing tools include a comprehensive, secure web platform — MGIC/Link Servicing — as well as automated and electronic data connections that make servicing your MGIC-insured loans even easier.
MGIC/Link Servicing
MGIC/Link Servicing gives you the ability to complete MI Servicing tasks!
Mortgage insurance servicing tasks
- Activate mortgage insurance coverage (view PDF instructions)
- Transfer servicing (view PDF instructions)
- Change loan numbers (view PDF instructions)
- Report loan modifications (view PDF instructions)
- Cancel mortgage insurance (view PDF instructions)
- Access billing and premium details (view PDF instructions)
- Access Gold Cert reports
Default servicing tasks
- Report defaults or update default statuses (view PDF instructions)
- Report loan modifications on delinquent loans (view PDF instructions)
- Request approval for loan modifications outside of our delegated guidelines (view PDF instructions)
- Request approval for deeds in lieu, short sales and other borrower workouts
Claims servicing tasks
- File claims (view PDF instructions)
- View claim status and payment details
- View pending claims
- Respond to document requests; upload documents (view PDF instructions)
Electronic Data Interface (EDI)
You may use EDI for the following servicing tasks:
- Mortgage insurance servicing
- Activate mortgage insurance
- Transfer servicing
- Cancel mortgage insurance
- Premium billing
- Default reporting — see Automated Default Reporting below
- Claim servicing
- File a claim
- Receive Explanation of Benefits statements
Electronic Claim Payments
Receive claim payments via electronic deposit to your account — contact Customer Service for more information.
Direct Deposit Premium Refunds (ACH)
Our Direct Deposit Premium Refund option electronically transfers funds into your designated account within as few as 2 business days of processing your refund request.
Go to mgic.com/speedyrefund to authorize direct deposit.
Once we receive your authorization, we’ll:
- Work with you to set up direct deposit for your designated branches or offices
- Test to ensure the successful transfer of future funds
- Email a daily direct deposit reconciliation report to your designated email address the day before funds are deposited to your account
For more information, contact suspense_premium_inquiry@mgic.com.
Automated Default Reporting (ADR)
Submit required default reporting with ADR, which is supported by most service bureaus and software vendors, to:
- Report defaults
- Update default status
Automated Renewal Billing (ARB)
Receive your renewal billing details with ARB, which is supported by most software vendors, and take advantage of:
- No minimum portfolio size
- TXT (Excel) bill formatting
Secure File Transfer (SFT)
Securely exchange files and documents with us. All data transmissions are Secure Socket Layer (SSL) encrypted. You can send and receive any file type (e.g., PDF, XLS, DOC).
You might also like
-
MGIC Servicing Guide
The information you need to service your MI-insured loans, including guidelines, requirements, and submission options.
-
Order MGIC mortgage insurance
Use the Loan Center to order mortgage insurance quickly and easily.
-
