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.
- 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
- 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)
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.