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.

Secure Submission

Submit data to Enact using our secure web application.
Learn More

Contact Us

Contact us for information and assistance.
Mortgage Insurance discussed in this website is underwritten by Enact Mortgage Insurance Corporation or Enact Mortgage Insurance Corporation of North Carolina.
© 2024 Enact Holdings, Inc. All rights reserved.