Lender placed hazard insurance is a very important program for every mortgage service regardless of the number of loans in your portfolio. No matter how diligently you notify your borrowers of the need to maintain multi peril or hazard insurance for the life of the loan, experience shows it is unrealistic to expect 100% compliance. At any time, you are exposed to potential uninsured losses.
First Service Group has over 30 years of experience in the lender placed hazard insurance business having worked with several major carriers. We have access to all the products that you need and can provide various options to create a competent and functional program for your financial institution. These products include force place fire and flood, tracking, mortgage impairment, blanket coverage, collateral protection, mobile home coverage and many more.
Our goal is to help protect you, the financial institution, from an unexpected loss due to borrower noncompliance. Please contact us if have any questions or to request additional information regarding any of these products.