(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.
- Loan Workout Reporting Template—Definitions and Instructions
- Loan Workout Reporting Template—Frequently Asked Questions (FAQs)
- MILAR Technical Reference
- MILAR Template