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