Mortgage Service Provider Lien Coverage
Don’t let anything go unnoticed.Mistakes happen; secure the right protection before you need it.
Our mortgage service provider (MSP) program offers a third level of mortgage loan protection by providing 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.
Work with Specialists in Lender Risks
NFP has the depth of experience to protect and enhance your lending programs. Start the conversation by reaching out today. We work to serve you however robust your needs, going far beyond simple property and casualty coverage and leveraging the full power of NFP’s network to deliver services to support your organization.
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