Coverage Options

Real Estate (Hazard)

Overview

Verify insurance at loan closing, and no further tracking or force placement is required on covered loan portfolio segments (still need to track and lender place flood). LvPlace or LvTrack can help with flood

Benefits

Eliminates expense of tracking and force placing; frees up time; coverage is always in place; don’t have to send any letters to borrowers; reduces negative borrower interactions

Ideal User

Servicers with a low percentage of borrowers who use LPI and want to reduce expenses; minimize negative borrower interactions and maintain a positive community reputation