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Mortgage Lending
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Is Your Collateral Insured?
Highlights of our Lender-Placed Insurance program:
Coverage on specific collateral with lender as loss payee.
Residential, commercial, mobile homes, automobiles, and equipment coverage.
Covers second mortgages and equity loans.
Coverage extends to Other Real Estate Owned (OREO) portfolios.
Option to include liability coverage.
Flood coverage with no waiting period.
Compliance tracking to ensure continued coverage.
Newtek Insurance Agency can help you with all your mortgage insurance needs.
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Additional Products Available
Blanket mortgage hazard
- Provides the lender with property coverage on the entire portfolio.
- Covers resident, commercial, and mobile home loans.
Blanket mortgage impairment
- Covers all residential, commercial, second mortgage, and home equity lines of credit.
- Eliminates the need to track or force place mortgaged properties for required insurance.
Outsourced tracking
- Full outsourcing of insurance monitoring to an outside computerized tracking facility.
- Automatic coverage of all loan collateral against uninsured physical damage or loss.
