Borrowers often experience lapses in coverage or cancellation of insurance, many times at no fault of their own. Lender-Placed Insurance provides a financial institution the protection against risks when this occurs. Coverages available safeguards the Lender’s interest and provides the borrower continuous protection against uninsured losses.<\/p>\n
Insurance Coverages frequently change annually, and sometimes as often as monthly, resulting in increased workload for the Lender. The Lender has to keep track of these documents, update their loan system, and verify that their interest is still protected. Outsourcing this process to a tracking company minimizes the workload for the lender, related to insurance documentation and compliance. Our insurance professionals review each policy, verify for accuracy and collateral compliant standards.<\/p>\n
Our representatives will meet with your institution, discussing your current processes and portfolio, and present a tailored solution which benefits you and your borrowers. Our transition team will work with you to ensure a smooth implementation as well as training sessions for your lenders and staff. During every point of the process, our staff of experienced professionals remain engaged and dedicated to serving the needs of your institution.<\/p>\n\n\n
What is Lender-Placed Insurance? Borrowers often experience lapses in coverage or cancellation of insurance, many times at no fault of their own. Lender-Placed Insurance provides a financial institution the protection against risks when this occurs. Coverages available safeguards the Lender’s interest and provides the borrower continuous protection against uninsured losses. Why is Outsourced Insurance Tracking […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"sidebar-content","footnotes":""},"class_list":["post-208","page","type-page","status-publish","entry"],"acf":[],"yoast_head":"\n
Contact us today to learn more or request additional information!<\/strong><\/em> <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"