Lender Placed Insurance

LENDER PLACED INSURANCE PROGRAM

Advantages of our Program

50 state availability

Admitted carrier package for property, flood and liability coverages

Competitive rates for borrowers

Self Service Platform- allows secure, real-time, transactional capabilities for lenders and servicers, with the scalability to offer servicing options to multiple entities and departments.

Simplified Administration- ability to add, cancel or change coverage / Create and print 45 day letters and Evidence of Insurance / Calculate pro-rata premium

Program Reporting- Overall view plus inforce reports, expiration reports and monthly batch files of evidence of insurance.

Program Coverage

Protects lenders interests when borrowers coverage lapses or expires

Residential and Commercial properties, Occupied or Vacant

Property, Flood, Liability, Earthquake, Wind-Only and Business Personal Property

Customizable limits and deductibles

Coverage for real estate owned portfolios

Blanket coverage options for First, Second and HELOC

Automatic Coverage available

Premium earned on daily, pro rata basis

Requirements

Application

3 year loss run / claims history

Inforce report of lender placed properties (if available)