|PR Newswire Association LLC|
Under the new underwriting program, named MGIC Go!, MI loans that receive DU Approve or LP Accept responses and meet minimal overlays are automatically eligible for MGIC MI.
"MGIC Go! simplifies the process and fits into our customers' daily operations,"
The program, effective immediately, expands MGIC guidelines in certain areas with credit overlays and is available on all submissions options.
MGIC Go! is available to all MGIC customers with an active MGIC Master Policy. Program specifics including complete guidelines, can be found at MGIC's website, www.mgic.com.
MGIC (www.mgic.com), the principal subsidiary of
Desktop Underwriter® and DU® are registered trademarks of Fannie Mae; Loan Prospector® and LP® are registered trademarks of Freddie Mac.