Overview

As an option, the system can automatically place coverage protecting your mortgage interest when the borrower fails to do so.

Features

• Full outsourced tracking of property insurance on residential and commercial mortgages.
• Database Tracking - Notice Generation - Placement of Coverage (when needed)
• Monthly or Life-of-Loan mortgage insurance tracking for a modest fee per loan made
• Friendly & well-trained service center staff handles all insurance-related communication.
• full set of management, control and compliance reports at your fingertips
• Easy web-access to property insurance information on each loan.

Benefits

• Eliminates mail sorting, recording and storing of insurance documents on your premises.
• Gives you up-to-date access to insurance status on each mortgage loan
• Reduces cost of staffing and other expenses related to internal insurance tracking
• Frees up time for your mortgage servicing staff to do more important tasks
• Complies with insurance requirements mandated by regulators and loan funding sources
• Improve customer service and responsiveness to your mortgage customers
• Peace-of-mind knowing the risk of property loss is being professionally tracked