Our current Master Policy, covering insurance applications dated March 1, 2020 and after

MGIC’s Master Policy is designed to further align our Gold Cert rescission relief options with Representation and Warranty Framework of Fannie Mae and Freddie Mac. This policy represents a collaborative effort with U.S. Mortgage Insurers (USMI), Fannie Mae, Freddie Mac and the Federal Housing Finance Agency. 

Gold Cert Coverage

Our Gold Cert protection provides rescission relief for Significant Defects due to lender underwriting errors, property valuation defects and borrower fraud. You can choose the level of protection that fits best with your business processes and needs as an organization. Click here to learn more about these options:

  • Immediate Protection
  • 12-Month Payment Protection
  • 36-Month Payment Protection*

For complete requirements, see our Rescission Relief Guide.

* Loans not meeting the criteria for 36-month Payment Protection will receive rescission relief at month 60 if current; or in the event of a default, when the loan comes current.

Submission Options

Under our Master Policy, flexible submission options allow you to continue to tailor the way you do business, submitting data and/or documents.

For details about submission options, see our Underwriting Guide, Sections 1.07 and 1.08.

MGIC Master Policy #71-70384

Master Policy effective March 1, 2020

 Jurisdiction  Form #  Endorsements
AK, AR, DC, GA, IL, KS, MO, MT, NY, NC, ND, OK, OR, TX, VA 71-70404
State Variations Endorsement
ME 71-70389
Maine Endorsement
PR 71-70405
Puerto Rico Endorsement

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