Lender protection
Our lender program provides coverage for residential and commercial property where mortgage servicers hold an interest in collateral. Eligible risks include mortgage servicers, banks, credit unions, and LLCs. We offer a master policy program with generous limits and broad coverages.
Appetite:
- Entities that service mortgages
- Mortgage servicers
- Banks
- Credit unions
- Private equity
- LLC’s
Ineligible risks:
- Condemned properties
- Properties located outside the U. S.
Geography:
- Nationwide and U.S. territories
Submission requirements:
Completed application and portfolio listing including:
- Borrower name, address, loan number, coverage type and last-known coverage amount or insured value
- Include listing of current insured locations with address and values
Coverages offered:
Lender-placed insurance program (Mortgage Guard)
- Master policy program with no individual property underwriting
- Generous limits and broad coverages tailored for each client
- Replacement cost coverage
- Web-based reporting and hazard tracking services
- Compliant borrower notifications
- Committed customer service teams
- Expedient claims settlement
- Proprietary client portal for vendor management
Coverage limits:
- $500K - $10 Million ($5M residential/$10M commercial)
Admitted or non-admitted paper:
- Non-admitted
Additional program highlights:
- Proprietary software for tracking, borrower notifications and billings
- Full hazard tracking and outsourcing services