Modifications - Non-Performing Loans - Delegated

(Loans currently in default or at risk for imminent default.)

Delegated Workout Programs

United Guaranty provides delegation to Servicers for the following loss mitigation programs:

Fannie Mae Programs

  • Flex Modification
  • Cap and Extend Modification for Disaster Relief
  • Streamlined Modification Program
  • Standard Modification Program
  • Short Sale
  • Mortgage Release (Standard Deed-in-Lieu of Foreclosure)

Freddie Mac Programs

  • Flex Modification
  • Cap and Extend Modification for Disaster Relief
  • Streamlined Modification Program
  • Standard Modification Program
  • Short Sale
  • Standard Deed-in-Lieu of Foreclosure

Delegation Guidelines

  • Borrower must be experiencing a legitimate “hardship.”
  • Loan must meet guidelines of workout program. Loans not meeting program guidelines must be submitted to United Guaranty for approval.
  • Servicers are required to report all delegated loss mitigation workouts.

Submit Delegated Workout Reports

Loans meeting specific Servicer or Investor-approved delegated program parameters should be reported to United Guaranty either by the Mortgage Insurance Loan Activity Report (MILAR)-169 field template or sending a copy of the executed modification to workout@archmi.com.

Bulk Reporting Form and Instructions

Servicers may use either the Loan Workout Reporting template or the Mortgage Insurance Loan Activity Report (MILAR) to report delegated loan modifications.

See Also