Mortgage Protection

Resource Insurance Services provides top quality service and coverage in its Mortgage Protection Insurance Program.  Our Mortgage Protection Insurance Program protects a lender’s mortgage portfolio risks, by offering them the ability to track multiples types of insurance on mortgage property and force-place coverage when a mortgagor fails to insure the property.  Most coverages are also available without outsourced tracking for lenders who have an adequate tracking system in place but need a way to secure coverage to protect their interest in the property.

Key Coverages

  • Residential Property, including Mobile Homes
  • Commercial Property including Farm Coverage
  • Real Estate Owned (Discounted Rates available for REO/ORE properties)
  • Second Mortgages and HELOC’s
  • Condominiums
  • Hazard, Wind and Flood Coverage Available in all geographic areas
  • Liability Coverage
  • Hazard & Flood Coverage for Business Personal Property (Equipment, Inventory, Commercial Contents)
  • Automatic Coverage/Coverage Guaranty (available with outsourced tracking ONLY)

Key Benefits

  • Comprehensive – insures a lenders’ entire mortgage portfolio with one program.
  • Customized – program tailored to cover risks specific to each lender’s unique needs.
  • Compliance – adheres to federal regulations regarding insurance, especially flood insurance, with specifically worded and timed borrower notifications.
  • Cost Effective – assures cost efficiencies because rates reflect risks and perils associated with geographic location.
  • Dual-Interest – protects the named insured lender and the mortgagor.