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- Credit Unions
- Finance Companies
- Auto Dealers
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.