Claim Filing Timing Reminder and Temporary Extension for Supplemental Claims
Reminder: Claims should be filed within 60 days after the earlier of acquiring the Borrower’s Title to the Property or a pre-foreclosure Third-Party Sale. In states with post-sale redemption rights, Claims should be filed within 60 days once the redemption period has expired. Please see section 6.1 of the Delinquency and Claims Reference Guide.
Extension for Filing Supplemental Claims with Trailing Expenses: This extension has been granted in response to COVID-19 restrictions and moratoriums. Supplemental Claims for previously unreported advances — also called trailing expenses — may be submitted within 90 days of the initial Claim payment. For claims paid between 3/1/2020 and 9/30/2020, Arch MI is extending the period to submit supplemental Claims for trailing expenses to 180 days of the initial Claim payment. See section 9.4 of the Delinquency and Claims Reference Guide for more information about supplemental Claims.
Arch MI’s Loss Mitigation specialists are ready to work closely with you to develop loss mitigation strategies through innovative programs designed to preserve homeownership, and to process workout requests in a timely manner. We also have resources available to assist you in reaching out to your borrowers to try to resolve defaults as satisfactorily as possible.
Loss Mitigation Claims Contact Information
- Loss Mitigation requests for shorts sales and deeds in lieu
- Foreclosure bidding instructions
- REO offer approvals
- Claims filing instructions
- Home Preservation
877-642-4642 (Option 2, Option 2)
8:30 am - 5:00 pm ET
Modification Request Form