Mortgage Impairment

  • Credit Unions
  • Banks
  • Finance Companies
  • Auto Dealers
  • Utilities

This policy is designed to safeguard your business if you experience losses resulting from physical property damage during an unknown lapse in a homeowner's insurance coverage related to first mortgages. It will also cover your organization in the case of unexpected errors occurring from day-to-day origination and servicing of real estate loans.

As a complement to this solution, we offer mortgage tracking services that monitor homeowner's insurance and sends notices for cancelled or expired policies. When a borrower fails to respond to insurance notices, you may choose to purchase lender-placed insurance coverage or continue to service insurance internally.

Related Solutions

Blanket Mortgage Protection

Cost-effective solution to protect the lender from uninsured physical damage losses to properties in their portfolio.

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Mortgage Loan Default Protection

Safely increase loan volume, while being protected against borrower default.

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Mortgage Tax Services

Proactively track automated property taxes, thus minimizing the risk of losing a property due to tax problems.

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