Lender-Placed Insurance and Compliance
While our processes thoroughly validate if required property insurance exists on a loan, sometimes the homeowner doesn’t obtain the necessary insurance to protect their dwelling. In those cases, LPI comes into play – first through notifications to the homeowner and then through placement of a policy if evidence of traditional insurance cannot be verified. LPI helps protect the value of a servicer’s assets and meets investor and/or federal regulatory requirements related to continuous insurance. LPI also helps protect customers’ homes and provides peace of mind should the unfortunate occur.
We offer a wide range of insurance solutions to meet your portfolio needs and reduce risk to the assets servicers oversee:
We protect your brand, customers and investors as if they were our own with an unwavering focus on compliance. National General’s team of legal and compliance experts uses a disciplined methodology to assist you in maintaining compliant insurance programs in accordance with federal and state regulations, as well as investor requirements. Features include:
We serve as a resource for our clients’ compliance teams to help mitigate risk and maximize the customer experience.