Blanket Mortgage

Firm Serv’s Blanket Mortgage product is an economical alternative to Lender-Placed hazard tracking and insurance.

This comprehensive blanket protection provides coverage of lender’s entire portfolio. No continuous insurance tracking is required. For many lenders, Blanket Mortgage is a superior risk management tool over lender-placed hazard insurance.

Eligible Collateral

  • Residential Properties
  • Commercial Properties
  • Mobile Homes
  • Churches
  • Builders risk
  • Government Buildings
  • Schools
  • Hospitals
  • Farming Operations

Features

  • Reduced lender administrative expense
  • Eliminates gaps in coverage for failure to report properties as uninsured
  • Broader coverage than many other Lender-Placed hazard policies
  • Simple to administer and report
  • Low premiums
  • Covers second mortgages and equity loans
  • May be placed in conjunction with Real Estate Owned or Lender-Placed hazard tracking and/ or insurance

Eligibility

  • All Residential or Commercial Firsts, Seconds, Home Equities, and Builders Risk
  • New Originations or Assumptions of In-Force mortgages
  • Real Estate Owned may be included on a scheduled basis
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