Mortgage Solutions

Commercial borrowers demand high levels of service.  Any mistakes with insurance tracking may cause these borrowers to look to other financial institutions

Commercial Insurance Tracking – We currently provide outsourced commercial insurance tracking for over 100 financial institutions.  An eight-year development effort lead to the ability to mine complex property valuations data.  This data is critical for accurate tracking of multi-collateral loans, cross-collateral loans, and commercial contents loans.

Underwriting – In addition to our years of underwriting expertise, we work with worldwide insurance companies that can provide high-limit Commercial CRE policies when required.

Highlights

  • Multi-Collateral & Cross Collateral Commercial Loan Tracking
  • Commercial Package Policy Insurance  Tracking Expertise
  • Flood Insurance Tracking for Condominium and Detached Structures
  • P3 Valuation Technology to Eliminate False Placements
  • Contents and All-Business-Assets Tracking
  • Commercial Underwriting Expertise
  • High-Limit Hazard and Flood Policies when Required.

The Borrower-CentricSM Insurance Tracking system ensures NFIP/RESPA compliance while maintaining a good relationship with your borrowers.

Insuring residential portfolios requires a combination of lender-placed insurance, blanket insurance for HELOCS and Condominiums as well as strict adherence to RESPA and NFIP/Agencies guidelines.  Protecting your borrower relationships requires proper use of advanced technology and well-trained tracking agents.

Highlights

  • Systematic Flood Insurance Compliance
  • Condominium Master and Unit Owners Insurance Tracking
  • Blanket  Non-SFHA HELOCS & Condos
  • Monthly Billing in Arrears
  • Outsource Escrow Payments
  • Tracking of Policy DEC Page Limits
  • Private Flood Insurance Processing
  • Customized Blanket Hazard Policies

The Equity Protection Program (EPP) is a fully insured loan program designed to assist lenders in generating more Home Equity loans

EPP allows for expanded underwriting guidelines and protects a lender’s home equity portfolio against losses due to borrower default. In addition to the default protection, many lenders use the program to eliminate or reduce loan loss reserve requirements. 100% loan-to-value (LTV) coverage is available.


ELIGIBLE LOAN TYPES:

  • Closed-End Seconds
  • Home Equity Lines of Credit (HELOC)
  • Purchase – Money Seconds (Combo, Piggyback subordinate financing for 1st)
  • Home Improvement Loans (Secured & Unsecured)

Highlights

  • Risk transfer on 2nd liens protecting against borrower default for any reason
  • Allows lenders to safely broaden CLTV thresholds on home equity loans and purchase money seconds up to 100%
  • Increased Home Equity loan volume
  • Expanded CLTV thresholds to 133% on secured home improvement loans
  • Unsecured Home Improvement Loans available (no title work, CLTV or valuation required)
  • No foreclosure ever required
  • Balance sheet protection – no losses reported
  • Eliminates REO expenses
  • Delegated underwriting authority
  • One rate & one liability pool for all loan types
  • A slight bump in APR covers the cost and there is nothing to disclose to the borrower.
  • Eliminates/reduces loan loss reserve requirements

You need a modern approach to insurance tracking.

Learn what makes modern insurance tracking different, and how it can change loan servicing.