Coverage OptionsReal Estate (Hazard and Flood) and/or Non-Real Estate Collateral



Overview

Our professional insurance tracking system handles all insurance tracking, notification letters and force placement



Benefits

Prompts borrowers to get insurance; archives insurance and letter history online; eliminates much time spent tracking and force placement; coverage always in place (ACE)



Ideal User

Larger loan servicers, less focused on local service; servicers with a higher percentage of borrowers who use LPI; non-QM servicers



Additional Features

I-haveinsurance.com - Proprietary Lawrence Victoria website where borrowers can submit their insurance information or upload their policy 24/7/365 per the instructions they receive in the first warning notice letter



Custom FAQ Language

An optional additional insert we include answers your borrowers’ questions regarding the insurance requirement in their loan agreement, as well as other commonly asked questions pertaining to their individual circumstances. This provides the following advantages over other programs:

 

• Exceeds regulatory compliance requirements
• Helps soften the insurance requirement message
• Increases the number of borrowers who comply with your insurance requirement
• Reduce the number of borrowers who call bank staff with questions or complaints