Lee & Mason Financial Services, Inc.

Coverage of the entire mortgage loan portfolio against uninsured physical damage without the aggravation and expense of tracking property insurance.

Features

Provides the lender with property coverage on the entire portfolio

Covers residential, commercial and mobile home loans

Provides all-risk residential coverage

Provides all-risk commercial coverage

Includes option to cover Second Mortgages and Equity Loans.

Includes option to cover Real Estate Owned (REO) portfolios. (Quarterly premium and internet-based tracking required)

Carries option to include Mortgage Impairment, which provides Errors and Omission coverage

Carries option to include all-risk protection including flood and earthquake on larger commercial portfolios in all states except California

Benefits

Eliminates need for insurance follow-up by simply verifying insurance at loan closing

Eliminates need to track and report individual properties and policies

Covers uninsured physical damage without loan having to be in default or foreclosure

Pays claims at replacement cost versus ACV if lender opts to repair propert

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