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.
To learn more about how National General Lender Services can protect your portfolio, contact us at 1-800-225-8178.