Web-Based Hazard & Lender-Placed Flood Insurance Program
For those looking for an easy and economical option to manage hazard and flood lender-placed coverages, Firm Serv’s web-based program for collateral protection is the answer. With hundreds of clients nationally who rely on this compliant and secure system, we are a leading provider for small to mid-sized and growing lending institutions and mortgage servicers.
With simplified reporting and administration, Firm Serv software gives lenders control of their portfolio coverage needs using our proprietary and user-friendly technology platform. We couple this with our competitive insurance products from top-rated carriers, built in reporting and CFPB compliant letter printing and mailing capabilities and back it with top-notch training, technology and support professionals.
Classes
- For residential and commercial loans, REO and builders’ risk.
Coverages
- Residential, commercial and builders’ risk dual interest coverage on occupied and vacant properties
- Provides protection for both the lending institution and the borrower on uninsured loans.
- Various deductible options available
Hazard Program Optional Coverages
- Wind
- Contents
- Blanket Hazard for both second mortgages & equity loans/lines
Hazard, flood and liability coverages available for REO Properties
Program Features
- Lender can track internally
- Easy one step ordering process via secure website
- Optional CFPB compliant letter printing and mailing services
- Letter customization with lender logo
- Copies of letters available on Firm Serv site
- Lender is extended instant binding authority
- Annual policy issued after 45 day required notification cycle completed
- Simple to add and cancel
- Flat cancellation if no lapse of coverage
- Refunds processed twice a week
- Easily administered monthly billing
- Rapid implementation process, training and help desk support
Flood Program features
- Map revisions
- Deficiency
- Contents
- Optional letter printing and mailing services
- Letter customization with lender logo
How can we help you?
Reach out to discover the possibilities for your business.
