logo
Home
Products
Contact Us
Privacy
Search
Global Portfolio Protection Program 

Mortgage Originators and Servicers Package Policy

Printable Fact Sheet (PDF)
Printable Application Form (PDF)

    Program Summary
    GP3 combines three vitally important insurance coverages into one single policy form to help financial professionals who originate and service mortgage loans to avoid unforeseen coverage gaps. It also insures all eligible properties in one, easy to read policy.
    Advantages
    One policy form covers three traditionally separate policies into one proven delivery/reporting system
    Eliminates potential gaps and overlaps in mortgage portfolio risk protection
    Pooled loss experience of coverage parts (historically considered separately) provides a more accurate premium calculation based on mortgage portfolio management
    Available Coverages
   Through one convenient, integrated GP3 package, qualifying financial professionals can obtain:
    Mortgage impairment/Mortgagee's errors and omissions
    Foreclosed/Real estate owned (REO) property and liability
    Force placed hazard and flood insurance
    Special Features
    Policy written on an ex-checking basis (insurance at origination only) 
    Automated force placed/REO reporting
    REO reporting provided on a blanket basis and calculated on outstanding loan balance
    Written using mortgage banking language
    Satisfies E&O insurance requirements of FNMA, FHLM, FNMA, FHA, warehouse lenders and private investors
    Eligible Insured's
    Mortgage banks, commercial banks, savings and loans, credit unions, insurance companies or any investor(s) with a collateral interest in mortgage property
    Carrier
    GP3 coverage is underwritten by Lloyd's of London and is rated "A" (Excellent) by A.M. Best Company.

For additional information please contact us.

The above information provides only a general description of the coverage afforded in the policies offered and should not be considered as altering the insuring agreements, terms, conditions, exclusions and endorsements of the policy itself. Please read the provisions contained in the actual policies and discuss them with your insurance professional.

a division of Financial & Professional Risk Solutions, Inc. In California: Financial & Professional Risk Solutions Insurance Agency, Inc. (License No.: OB93670)