IL Group
229 East 20th Avenue, Suite 1 Gulf Shores, AL 36542
ilgroup.com
Gulf Shores, AL 36542
Gulf Shores, AL 36542
(251) 968-9888
Business Categories
Lender-placed insurance is a safety net for lenders, servicers, mortgage investors and borrowers alike. Lender-placed insurance protects your collateral from events such as fire, severe weather, flooding and accidents if borrowers, for whatever reason, fail to carry insurance or let their policies lapse.These insurance programs are often confusing to consumers, and can damage customer relationships if not properly managed. As a result of this confusion, your organization faces increasing scrutiny from regulatory agencies and the risks associated with not complying with changing rules.Due to the many coverage options your organization has for protecting your loan portfolio, combined with the ways these programs are implemented and monitored by regulatory agencies, more and more lenders and servicers choose to use a lender-placed insurance expert to assist them in selecting and implementing their lender-placed insurance programs.