FIB's real estate insurance tracking service is designed to eliminate insurable risks while at the same time maintaining the loan portfolio in regulatory compliance. FIB's tracking program allows the lender to not only track multiple collaterals, but multiple insurance requirements within each collateral. We provide the lender with on-line access to all their insurance data. This allows the lender to know the immediate insurance status of any loan.
Our system allows each lender to set the parameters that best meets their needs. We will customize our letter cycles, reports, mailings, acceptable forms of insurance, and notice timing according to the requirements of the lender.
Program Highlights:
- On-line access to real time insurance data
- Tracking of multiple collaterals
- Tracking of multiple insurance requirements (ie. Hazard, flood, wind, liability)
- Access to complete insurance history
- On-line access to insurance document images
- No need to file insurance documents
- Lender customized set-up
- Tracking available with or without real estate insurance
- On-line electronic reports
- Cost effective
Standard Reports:
- Loan Status Report
- Notices Generated Report
- Warning Report
- Certificates Generated Report
- Cancellation Report
- Uninsured Report
|