Loading
Miniter

lender solutions

Blanket Mortgage Hazard Insurance

This policy protects the lender’s mortgage portfolio for property damage on a blanket basis without tracking and force placing uninsured properties. It is a substitute for Lender Placed Mortgage Hazard Insurance. The lender's entire portfolio is covered with all risk physical damage and per occurrence limits to the outstanding loan balance. The disadvantage of the blanket mortgage hazard policy is that the premium can not be passed to the borrower which results in non-interest expense to the lender. The premium is based on the size of the portfolio being insured. This insurance technique will be appropriate when a lender has a low risk portfolio or a portfolio that is in run-off.

486 blanket mort
 
 BORROWER-CENTRIC is a registered service mark owned by Miniter Group.
 BORROWER-CENTRIC is a registered service mark owned by Miniter Group.
 BORROWER-CENTRIC is a registered service mark owned by Miniter Group.

BORROWER-CENTRIC is a registered service mark owned by Miniter Group.
© 2017 Miniter Grou
p