Lender Placed Services

We can assist you with 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

For placed customers, we can help find a voluntary offering.

Our brokerage also can help evaluate options in condominium coverage as well as second lien protection.

Determine trackers ability to meet CFPB / regulatory guidelines:

• Letter cycle timing
• Refund requirements
• Service levels

We offer support for any conversion from a legacy lender placed solution to ensure there are no gaps in coverage.

We assist with contracting services and evaluating tracking fees.

We offer assistance with determining a tracker or carrier's ability to work with the servicer's system, including imaging if available.  We also evaluate the tracker's ability to mitigate false placement and evaluate their off-shore resources.

If additional products and services are needed, we will assist the servicer in evaluating which services are offered by the selected tracker (escrow, loss draft, tax, etc.).

We help determine a need for a REO program and evaluate the available options.