With our Blanket Lender's Single Interest policy, you receive collateral loss coverage over your entire installment loan portfolio and the entire portfolio is protected immediately. You no longer have to spend time tracking insurance coverage of each individual borrower.
Lee & Mason offers a similar comprehensive approach for loans secured by real estate, including two Blanket products – Hazard and Impairment. As an alternative to using force-placed insurance, Blanket policies eliminate the tracking hassle on Residential and Commercial mortgages as well as second mortgages and home equity lines of credit (HELOCs).
For lenders who wish to actively track their real estate and/or auto portfolio, the entire process (mail, monitoring, placement and escrow functions) can be outsourced to Lee & Mason. Lastly, if lenders prefer to maintain lender-placed mortgage hazard coverage on their own, we offer MortgageHazard.com, our easy online solution for force placed insurance.