Insurance / Services

Mortgage Lending Services

Lee & Mason offers a full suite of coverage options to protect uninsured residential and commercial mortgage properties. Our website makes it easy to place both mortgage hazard coverage 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.

Allowing a mortgage-secured property to go uninsured, even just briefly, presents a great risk to the lender. In the event of loss, the borrower is likely unable to afford repair costs without an insurance settlement; over time, these unrepaired damages can significantly harm the value of your property. Lender-placed hazard and flood insurance can protect residential and commercial properties whenever the borrower fails to insure them.

Just like lender-placed mortgage hazard coverage and flood insurance, blanket mortgage hazard insurance provides residential and commercial property coverage on an entire portfolio. Better yet, it also eliminates the need to track insurance, saving you time and money. Additionally, it pays claims on uninsured losses without requiring the lender to foreclose on the property.

Blanket mortgage impairment insurance (BMII) provides mortgage servicers and originators with coverage for their interest in the mortgaged property when the owner fails to maintain insurance naming the lender as the mortgagee. This insurance also includes coverage for various servicing errors and omissions. If a lender purchase OPTION 3, BMII carries no tracking requirement.

Of course, flood insurance policies do require tracking, and some lenders feel they must track insurance to meet Fannie & Freddie servicing requirements. Let Lee & Mason take this responsibility off your hands. We collect all insurance mail and match the insurance document to each loan in your portfolio. When a property is identified as lacking insurance, we send CFPB-compliant notices to uninsured property owners to prompt them to provide evidence of insurance. Our services provide you with the well-deserved peace of mind that comes with knowing you have professionals tracking and mitigating your risk of property loss.

Lender-Placed Mortgage Hazard and Flood Insurance

Our website,, allows the mortgage lender to easily place coverage and to cancel coverage on uninsured mortgage properties: residential, commercial, and REO.

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Blanket Mortgage Hazard Insurance

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

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Blanket Mortgage Impairment Insurance

Blanket impairment protection of mortgage loan properties, up to a full-blanket with no insurance follow-up required. Includes coverage for various servicing errors & omissions.

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Outsourced Tracking – Mortgage Property & Flood Coverage

We collect all insurance mail and match insurance status to each mortgage loan in your portfolio. Uninsured property owners are automatically sent CFPB compliant notices asking them to provide evidence of insurance.

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