MGIC Unveils New Master Policy
Proquest LLC |
In a release, MGIC said that the new policy provides greater clarity and transparency on all aspects of the mortgage insurance process - from origination through servicing and claim settlement. It combines the coverage requirements of
"Over the past several years the mortgage industry has gone through significant changes," explains MGIC's President and Chief Operating Officer,
MGIC collaborated with the GSEs to ensure that loans insured under the new Master Policy would be eligible for sale to them. As a result of this collaboration the new Master Policy has been approved by both GSEs and has been filed with the state insurance regulators. MGIC currently expects the new policy to be effective
More information:
www.mgic.com/lender-services/master_policy.html
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