Need help navigating the complex requirements of real estate collateral insurance? From underwriting to deployment, we leverage our industry expertise and innovation to help you manage a successful insurance program.
Lender Placed Insurance
Lender Placed Insurance is not one size fits all. Insurmark offers lenders and mortgage servicers a simplified way to insure real estate collateral when a borrower’s outside insurance expires, cancels or is insufficient. Use Insurmark Online to add or cancel coverage, print borrower notices, and view 360 program reporting.
Program Features
- Residential and Commercial properties, Occupied or Vacant
- Property, Flood, Liability, Earthquake, Wind-Only and Business Personal Property coverages
- Customizable limits and deductibles
- Coverage for Real Estate Owned portfolios
- Monthly, quarterly, semi-annual and annual billing options
- Reporting of properties by Insurmark Online, fax, email, or electronic data transfer
- Available in 50 states
Ready to start the conversation? It’s simple – complete an application or contact us for more information.
Program Details
Applications
Blanket Policy
A blanket policy can help financial institutions realize operational efficiencies and simplify compliance by removing the need to continually track insurance of collateral after loan origination. Insurmark offers blanket policy options for mortgage and consumer loan portfolios.
Blanket Mortgage Program Features
- Blanket Property Insurance and Blanket Flood Real Estate Owned coverages
- Eligible collateral includes residential and commercial properties, occupied or vacant
- Customizable coverage, maximum limits and deductibles
- Premium is billed at master policy inception
- Available in 50 states
Lenders Single Interest Program Features
- Eligible collateral may include automobiles, watercraft, motorcycles, campers, trailers, RVs, and more
- Coverage options include Physical Damage, Skip, Instrument Non-Filing, with additional available coverages
- Premium is charged on either a per-new-loan basis or a monthly premium based on total outstanding balance of consumer loan portfolio
Applications
Mortgage Impairment
Our Global Portfolio Protection Plan (GP3) combines traditional mortgage impairment/mortgage’s errors and omissions coverage with lender placed and foreclosed coverage, including liability. GP3 is a one of a kind mortgage impairment program by making traditionally optional coverages part of the policy form. GP3 helps financial lenders bridge coverage gaps in their portfolios.
Program Features
- Residential and Commercial properties, Occupied or Vacant
- Coverage written on a full ex-checking basis
- Real estate tax, flood determination, title insurance and more coverages are included
- Error and Omission coverage includes recordation, loan payoff and reserve escrow
- Available in 50 states
Program Details
Applications
Real Estate Investor Insurance
Insurmark’s real estate investor program offers investors of residential dwellings the flexibility to insure individual locations under one master policy. Administration is simple – use Insurmark Online to add, change or remove coverage, with instant access to print proof of coverage.
Program Features
- Eligible properties include 1-4 family dwellings, Occupied or Vacant
- Available coverages include Property, Business Income, Flood and Liability
- Premium earned on daily, pro rata basis
- Monthly, quarterly, semi-annual and annual billing options
- Reporting of properties by Insurmarkonline.com, fax, email, or electronic data transfer
- Available in 50 states
Program Details
Applications
Real Estate Owned Insurance
Insurmark’s real estate owned program offers banks, credit unions, mortgage lenders, servicers and asset managers insurance for properties in deed, in lieu, mortgagee in possession, or foreclosure. Our program allows the insured to select a coverage package that best suits their needs, including property, liability, flood, earthquake, and more. Administration is simple – use Insurmark Online to add, change or remove coverage, with instant access to print proof of coverage.
Program Features
- We have a proprietary program which combines Real Estate Owned (REO) property, flood and liability into an admitted package policy
- Our policy includes replacement cost and special form for both residential and commercial risks; we can also we can offer blanket real estate owned flood and earthquake coverage
- Insurmark Online is an intuitive system that helps guide the insured to quickly add, cancel or change coverage during the policy period, print proof of coverage, calculate pro rata premiums, review management reports and loss status
- Eligible properties (occupied or vacant) include residential, manufactured homes and commercial buildings with actual cash value and replacement cost settlement options
- Choose from monthly, quarterly, semi-annual and annual billing options to help manage the expense of real estate owned property
- Available in 50 states
Program Details
Flood Zone Determination
Insurmark has teamed up with ServiceLink, a flood zone determination leader to offer superior flood zone determination products and services. Using the most current FEMA data and advanced technology, ServiceLink Flood delivers highly accurate flood zone determination reports.
Program Features
- Cert Map - Quickly identify which structures will require flood insurance before the loan closes
- Data Accuracy - Changes from FEMA are received daily; from map panel changes to Letter of Map Amendments
- Life of Loan Tracking - Fully integrated with the leading servicing platforms including MSP and Fiserv LoanServ
Program Details