Lending Solutions

Assurant Specialty Property is the industry leader in lender-placed homeowners insurance and insurance outsourcing services and a growing presence in collateral protection insurance for automobiles. Our strong position in the marketplace is built on designing the most effective, scalable and client-centered solutions for our partners, utilizing the most advanced technology available today. Our team of lending solutions professionals make the difference in providing value-added service to borrowers and generating income for our financial institution clients.

Mortgage

Our “single system” approach to tracking mortgage loans greatly simplifies customer service and puts control over the outsourcing process in your hands, where it belongs. Within this industry we also provide specialty insurance, membership and extended service programs that enhance your revenue while providing value to your customers.

• Insurance Outsourcing — We use leading-edge technology for mortgage and auto servicers to track and monitor loan portfolios to ensure adequate insurance coverage.

Additional outsourcing services for mortgage servicers include:

Escrow disbursement
Loss draft processing
Reporting
Insurance customer service
Tax customer service
New loan boarding
REO and pre-foreclosure claims recovery

Web-based applications:

Assurantpartners.com
Mycoverageinfo.com
Mylossdraft.com

• Lender-placed Insurance — As an underwriter with a variety of policies filed and approved in all states where required, we develop programs to manage and limit the risk of uninsured collateral within our partners’ portfolios.

Program highlights

Multiple deductible/rate
A-Rated underwriting companies
Investor compliance
Financial stability

• Voluntary Homeowners Insurance — We offer voluntary homeowners and dwelling products to traditional and nontraditional risk categories. Utilizing flexible underwriting standards, the CHOICE and FirstSelect programs offer coverage in more than 40 states to borrowers who may have had difficulty acquiring or maintaining coverage in the primary market.
  
  
• Optional Insurance Products — Working in conjunction with our partners, we underwrite and market a variety of insurance-based, membership and warranty products. Through our expertise in campaign management, we provide programs that provide value-added service to borrowers and generate income for financial institution partners.

Collateral Protection Insurance (CPI)

Collateral Protection Insurance (CPI) for automobiles is a growing market in the lending industry. Assurant Specialty Property has been in the collateral protection insurance business for more than 60 years. Our credibility and longevity in the lending industry position us as a natural leader in handling CPI programs. We provide:

• Reduced losses due to collateral damage and disappearance
• Industry leading technology and tracking capabilities
• Coverages for a wide array of collateral types
• Ease of administration
• Superior claim processing
• Risk management services
• Compliance to applicable regulations and statutes
• A-rated underwriting companies