Our Services

Lender Placed Services

  • Assist in the creation and administration of RFP questions and answers
  • Work with servicer to determine appropriate program based on legal requirements:
    • Coverage types
    • Coverage amounts
    • Voluntary carrier rating
  • Assist in evaluating best program structure available from carrier options (by peril, by state):
    • Amount
    • Admitted / E&S
    • Deductible options (in compliance with FHFA guidelines)
    • Single / dual interest
  • Assist in looking for a voluntary offering for placed customers
  • Evaluate options for condominium coverage as well as second lien protection
  • Determine trackers ability to meet CFPB / regulatory guidelines:
    • Letter cycle timing
    • Refund requirements
    • Service levels
  • Support any conversion from legacy lender placed solution to ensure no gaps in coverage
  • Assist in contracting services and evaluating tracking fees
  • Determine tracker / carrier ability to work with servicer’s system, including imaging if available
  • Evaluate tracker’s ability to mitigate false placements
  • Assist servicer in evaluation of additional products and services provided by selected tracker (escrow, loss draft, tax, etc.)
  • Determine need for REO program and evaluate options
  • Evaluate tracker’s use of off-shore resources