
Lender Placed Insurance Program
Residential Highlights:
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.
Commercial Highlights:
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.
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