With two insurance tracking facilities, Lee & Mason offers mortgage loan servicers and auto lenders an economical way to fully outsource insurance tracking. We handle all aspects of insurance policy matching, data collection, reporting, along with a compliant notification process and insurance placement when necessary.
Lee & Mason is a leading provider of collateral protection insurance (CPI) services for auto/consumer lending financial institutions all over the US. Known particularly for our expertise in Blanket Lenders Single Interest (often referred to as VSI – Vendors Single Interest), we offer Outsourced Collateral Insurance tracking, as well as value-added fee income products like Gap Waiver Insurance and Vehicle Service Contracts.
Lee & Mason offers a full suite of coverage options to protect uninsured residential and commercial mortgage properties. Our MortgageHazard.com website makes it easy to place both hazard and flood insurance on uninsured or REO properties. Our Blanket Mortgage Hazard and Mortgage Impairment insurance relieves the institution from costly internal insurance tracking. And with our compliant Outsourced Tracking solution, Lee & Mason takes away the entire burden of collecting and matching insurance mail to the mortgage properties in your portfolio.
Lee & Mason has extended collateral protection insurance to commercial loan and lease portfolios, offering Blanket Single Interest and Outsourced Tracking for commercial asset-based lending. Some of the kinds of equipment we can cover: Commercial trucks and equipment, manufacturing and printing computer and office, medical and dental, retail and restaurant, construction and agricultural equipment, etc.
Operating as a managing agent, Lee & Mason offers an easy-to-read comprehensive policy backed by the Scottsdale Insurance group of companies and underwritten by some of the most experienced people in the industry.
Lee & Mason’s check and protect approach offers financial institutions the dual protection of both a superior IT Audit and a comprehensive Cyber Security Insurance policy.