Risk Managment

Lenders Insurance Solutions Group helps you provide the risk management products and solutions to insure your investment returns.

This program protects and insures the financial institution on both residential and commercial uninsured loans. All-risk coverage is provided for residential properties and named-perils coverage for commercial property exposures. Coverage can be secured by writing your own, via web-based placement, if the financial institution elects to track insurance internally. An alternative option is having the insurance of the real estate portfolio to be fully outsourced and coverage placed should the borrower default and not provide adequate insurance.
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The Blanket Mortgage Hazard program is a substitute for the Lender-Placed Mortgage Hazard Insurance program. The financial institution is no longer required to track and follow up for insurance other than receiving confirmation the borrower has adequate insurance coverage at the time of loan closing. This coverage may include home equity lines of credit and second mortgages. Please view the highlight card for more details on the mortgage fire program.
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Why put your financial institutions package policy at risk for increased premiums from losses stemmed from a REO? Financial institutions are sometimes left scrambling to place hazard or liability coverage on a repossessed property that is not the general 1-4 family residential property or a commercial property. Instead, protect your REO’s with a separate hazard policy where coverage can be secured by writing your own, via web-based placement. The premium can be managed on a monthly basis as properties are repossessed and sold.
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Collateral Protection is also known as “CPI”. This program protects and insures the financial institution on installment loans. The program is designed for the financial institution to utilize a collateral risk transfer solution. Coverage can be secured by writing your own, via web-based placement, if the financial institution elects to track insurance internally. An alternative option is having the insurance of the installment portfolio to be fully outsourced and coverage placed should the borrower default and not provide adequate insurance.
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Blanket Single Interest (BSI) is sometimes called Vendors Single Interest (VSI) or Lenders Single Interest (LSI). BSI is blanket protection for the lenders interest on most types of collateral including vehicles, equipment, and other personal property. The financial institution is no longer required to track and follow up for insurance other than receiving confirmation the borrower has adequate insurance at the time of loan closing. The product has numerous coverage options.
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LIS Group has partnered with one of the nation’s largest and well-experienced flood certification vendors. Our partners’ services include compliance hazard, flood determinations, portfolio monitoring, and HMDA reporting. The percentage of the on-line requests that are “direct hits” is 93%. Our business partner is integrated with a large number of loan servicing software.
Securing and maintaining hazard insurance is vital in protecting your asset; however, securing and maintaining flood insurance deemed in a Special Flood Hazard Area is crucial. Protecting your asset from uninsured losses is critical too, but being within the guidelines is a necessity. Failing to stay compliant with flood insurance can be costly to your institution as civil penalties can be in the thousands of dollars. If your borrower has failed to maintain adequate flood coverage or comply, then allow us to protect you with our Lender-Placed Flood Insurance Program.
Protect your real estate loan portfolio against a financial loss resulting from unpaid taxes. Whether a residential or commercial property, escrowed or non-escrowed, we have the outlet to monitor for paid and unpaid property taxes. We proactively monitor and identify properties with delinquent taxes. This solution facilitates better informed decisions and reduces risk and loss severity resulting from tax delinquencies. Tax Service decreases the time and cost associated with procuring tax data. It is another way for you to mitigate your risk while remaining compliant with your regulators. You will remain in control of the process as we meet and manage the needs of your real estate tax servicing process.

Financial institutions can pick the best solution for their organization because Lenders Insurance Solutions Group has aligned itself with top national tax tracking companies.

  • Nationwide service coverage
  • Life of Loan Tax Delinquency Services
  • Life of Loan Tax Escrow Services
  • Existing Portfolio Tax Monitoring
  • Tax Payment Services
  • Delinquent Tax Research
  • Delinquent Letter Services
  • Parcel Research
  • Custom Tax Management Reporting Services
  • Integrated Solutions

Download our Tax Service Survey pdf