CMG MI Resources

Loan Modification
Request Form


HARP
Same Lender/Servicer
Request Form


HARP
New Lender/Servicer
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Delinquency & Claims Reference Manual (12/2011)

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Loss Mitigation Overview | Preparation | Loss Mitigation | Filing Claims

CU HomeKeepers | Hardest Hit Programs | Loss Mitigation Webinar

Tips for Successful Loss Mitigation

Credit Unions should start preparing as soon as possible to work with CMG MI on insured loans that may become or have already become delinquent.

• Establish early, consistent contact in the delinquency cycle
• Every 15 days through multiple channels (phone, e-mail, letter)


• Perform due diligence on each case – accurate information is critical!
• Learn the true reason for the delinquency
• Get appraisal or BPO
• Obtain credit report
• Verify paystub, income and expense statement from member
• Examine whether modified terms are sustainable


• Involve your professional resources
• Broker, appraiser, credit counseling, property inspection, legal counsel


• Select an appropriate loan workout strategy
• Assess the member’s financial ability and desire to stay in the home

Questions? Contact your CMG MI Account Executive.

Prevention	Preservation of Performing Loans	Mitigation for Delinquent Loans	Filing a Claim

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