Blanket collateral & mortgage hazard programs

Lenders may choose to eliminate the insurance follow-up function entirely by covering their portfolios utilizing a “blanket” approach to collateral protection. By implementing this single blanket policy, the lender no longer needs to track and report individual collateral or properties. The borrower’s insurance is verified only ant loan closing. Coverage is available for all loans already existing in the portfolio beginning with the effective date of the blanket policy.

« back to products & services