Mortgage impairment insurance: a comprehensive solution.
Our mortgage impairment insurance can minimize the time and expense of tracking and force-placing borrower hazard insurance on real estate loans by providing “blanket” coverage for the impairment of your interest.
Protection Against Physical Loss and Liability
Here’s what’s covered:
- Physical loss or damage to the residential and commercial real property securing mortgage loans, which results in the impairment of your lending or servicing interest
- Liability coverage for alleged negligence, errors or omissions in the performance of certain activities associated with servicing these loans.
Mortgage Impairment Policies to Suit Your Institution’s Needs
Multiple policy options are available depending upon the level of effort required to insure the mortgaged property following loan origination with respect to keeping mortgaged property insured. All coverage is customizable to your unique needs.