Enhancing Lending Opportunities Through Risk Transfer

Effectively developing a comprehensive equity lending program requires a multi-faceted approach to growth that includes careful consideration for mitigating risk and limiting exposure. We recognize the need to expand equity lending programs without negatively impacting the bottom line, and we’ve cultivated insurance programs that meet the unique needs of the equity lending community.

Our team possesses a blend of insurance knowledge and equity lending experience that has resulted in valued underwriting partnerships with A-rated carriers of fully delegated program solutions — all of which can be customized to your unique needs. Let us work with you to develop a plan that will turn your equity lending risks into opportunities.

Equity Loan Default Coverage

Our Equity Protection Program (EPP) increases the loan options available to lending institutions by expanding loan guidelines and parameters for a variety of home equity products in a fully insured portfolio program. By insuring loans with augmented Loan to Value thresholds, Debt to Income ratios and Credit Score ranges, the lender is able to expand the equity loan offerings without additional risk to the lender. In the event of default, the full balance of the covered loan is payable after approximately 90 days, without incurring expensive foreclosure, charge-off or ROA charges.

EPP delegated guidelines include:

  • FICO scores as low as 660 for most loans and lines of credit
  • Debt to Income Ratios as high as 45%
  • Maximum Loan to Value of 100% (133% for home improvement)
  • Up to $250,000 in limits for loans/lines

Mortgage Service Provider Lien Coverage

Our Mortgage Service Provider (MSP) program offers lenders a streamlined approach to coverage for errors or omissions occurring in lien searches and mortgage origination services for equity loans. Under MSP, the mortgage services rendered by the provider are covered against the economic damages of an undiscovered lien or recording error in the event of loan default. Providing insurance coverage to the underlying loan allows the mortgage processor to simplify lien searches and mortgage origination services for equity loans and lines while meeting the stringent requirements of financial institutions.

Suburban neighborhood of houses

Lenders currently utilizing EPP may securely upload information to our team here:

Client Monthly Reports

Client Loan Endorsements

Practice Leaders

Kathleen Ayer

(877) 801-7265