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Flood Insurance - Tracking
This product may also be referred as "Lender Placed Flood Insurance", "Force Placed Flood Insurance" and "MPPP"
Our program was designed to protect both the lending institution and the borrower against financial loss resulting from flood damage or destruction resulting from flooding of uninsured real property.
Our program monitors:
- Status of mortgagors individual flood insurance policies
- Minimum coverage requirements
- Mortgagee clause
- Escrow accounts
Our program produces:
- Warning letters to borrowers
- Flood insurance documents for real property
- Management reports both weekly and monthly
- Specialty reports on demand
Our program offers:
- Reduced administrative costs
- Lender control and flexibility
- Compliance peace of mind
- Interface with flood zone determinations
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