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The 90-Day Insurance Tracking Checklist for Lenders and Servicers Lenders and servicers must keep many plates spinning at once to stay compliant and protect their assets. Inadequate insurance policy tracking, missed notices, and delayed cancellations can expose lenders and servicers to significant financial and compliance risks. If insurance gaps remain hidden, they can result in anything from regulatory scrutiny by applicable federal…

Three Regulatory Trends That May Impact Your Coverage Understanding current regulatory trends is key to ensuring your portfolios and insurance strategy remain compliant while meeting your borrowers’ needs. However, the myriad regulations and requirements involving property insurance are evolving so quickly that it can be difficult to keep up. Ignoring this changing landscape is a certain recipe for disaster. To help you understand…

Protecting Your Portfolio from Natural Disasters Famed science fiction author Arthur C. Clarke once wrote that while humans can show mercy, “against the laws of nature, there is no appeal.” Recently, we’ve all learned how very true that is. There’s no doubt that natural disasters in the U.S. are increasing in number and scope, and it’s having a particular impact on how mortgage companies treat their portfolios. When thinking about…

3 Keys to Managing Loss Draft Volumes There’s no doubt, natural disasters and severe weather events are on the rise in the U.S.—and the impacts have been devastating. In 2020 alone, there was a record 22 individual disasters that each caused more than $1 billion in damages, according to the National Oceanic and Atmospheric Administration. Disasters have hit everywhere, too—from wildfires in the West, to floods in the Midwest, to…

Why Do We Partner with the Competition? An interesting thing happened at this year’s Olympic Games in Tokyo. The top two high jumpers, Italy’s Gianmarco Tamberi and Qatar’s Mutaz Barshim, were tied at the end of the event and appeared headed for a “jump-off” to decide who should get the gold medal. Instead, the two athletes decided to share it. For many observers, it was the ultimate sign of sportsmanship. Others, however, were…

Top 3 Benefits of Using an Insurance Broker When it comes to insurance, lenders have plenty of options. In fact, almost too many. We often hear of lenders that stick with the same carriers and policies year after year because they figure it’s easier than finding a new provider. This strategy has drawbacks, though, especially since a lender’s insurance needs inevitably change over time. When they do, the same policies no longer offer…