Lender Placed Insurance Program
Our program is designed to offer coverage on all properties lacking traditional homeowner’s coverage in your portfolio.
The program has the following benefits for your servicing operation:
- Streamlined administration for ease of use.
- Tracking insurance requirements can be provided.
- Hazard and Flood coverage available in all 50 states.
- Coastal and Catastrophic exposures may be covered.
- Automatic coverage is included when we do the tracking.
Coverage for commercial loans is also available for your portfolio.
This program includes all of the features of our residential program as well as the following:
- Voluntary Markets are available for borrowers that cannot locate coverage.
- Tracking is separated from Residential loans.
Foreclosed (REO) Properties:
We can automatically switch loans to this category if the loan is foreclosed.
This program has the following benefits for the lender:
- 30-day coverage that rolls over as requested.
- No Deductible.
- Liberal Vandalism allowances.