COVID-19 updates and resources - updated 09/30/21 Dismiss Alert MGIC's Master Policy (#71-70384) tools 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 Resources Frequently Asked Questions Summary of what’s new in our 2020 Master Policy Compare new Master Policy to 2014 Master Policy Master Policy information prior to March 1, 2020 For Master Policy information on insurance applications we received on or before Feb, 29, 2020, see the links below: Effective Oct. 1, 2014 through Feb. 29, 2020, Master Policy #71-43342 Effective on or before Sept. 30, 2014, Master Policy #71-7135 or MGIC Indemnity Corporation (MIC) Master Policy #70-91001 and endorsements You might also like MGIC Master Policy application Apply for an MGIC Master Policy Number or a Customer Number. Apply now MGIC Underwriting Guide The policies, procedures and guidelines we use to evaluate loans for mortgage insurance. View our Underwriting Guide and Summaries Contact Customer Service We’re ready and waiting to answer any questions you might have. Contact us now Resources 2020 Master Policy Rescission Relief Overview MGIC Servicing Guide MGIC Rescission Relief Guide Commitment/Certificate sample Gold Cert Post-Close Document Checklist Origination File Document Checklist PO Terms Legal Site Security Site Map © Copyright 2021 All rights reserved. About MGIC About MGIC Careers Contact Us Master Policy MI Basics New To MGIC Popular Links First-time homebuyers Get a Rate Quote Homebuyer education Self-employed borrower worksheets Training MGIC Websites Credit Unions For Investors Loan Officer Hub MGIC Connects Readynest - Tips for homebuyers MGIC Connects Facebook LinkedIn Twitter YouTube Cookies help us improve your website experience. By using our website, you agree to our use of cookies. Privacy Warning Confirm