Delegated Workout Program

Servicer Delegated Workout Program

Under this program, Enact authorizes servicers to decision most workouts for Enact-insured loans that they service. This delegation is in addition to existing delegated programs listed below as Approved Investor/Industry Delegated Programs. Program details are available in Enact’s Servicer Delegated Workout Program Parameters document.

REQUIREMENTS

This delegation is subject to the following requirements:

• Standard workout packages and documentation are required for all borrowers liable for the mortgage.
• Borrower must be experiencing a legitimate “hardship”.
• Monthly workout reporting is required as specified by Enact.
• Servicer must meet investor guidelines for all workout approvals.
• All other guidelines as outlined in Enact’s master policy, applicable Lender Servicing Guide and the applicable Default Management Servicing and Reporting Guide.
• Periodic reviews will be conducted to determine workout program compliance.

APPROVED INVESTOR/INDUSTRY DELEGATED PROGRAMS

GSE PROGRAMS

Flex Modification Standard Modification Streamlined Modification Principal Reduction Modification Extend Modification Short Sale Program Deed-in-lieu Program

Note: For Servicer/Investor Delegated Programs that fall outside the Enact Delegated Program, submit the written program guidelines via email to HOA@EnactMI.com for delegation consideration.