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MGIC SAM form stands for Mortgage Guaranty Insurance Corporation Servicing Activity Report form. It is a form used to report certain loan servicing information to MGIC.
Mortgage loan servicers are required to file MGIC SAM forms.
MGIC SAM forms can be filled out electronically on MGIC's website or through their designated software. Servicers must input the required loan servicing information accurately.
The purpose of the MGIC SAM form is to provide MGIC with loan servicing information for their insured mortgages, such as payment history, escrow activity, and property taxes.
Information such as loan number, borrower name, payment amount, late payments, escrow amounts, and property tax payments must be reported on the MGIC SAM form.
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