What is Mortgage Impairment?
Mortgage Impairment protects a lender’s interest in a property by offering broader coverage for unknown or unexpected losses occurring from the day-to-day origination and servicing of loans – including physical damage and errors and omissions. This product also provides the compliance required by guarantee organizations such as Fannie Mae, Freddie Mac and Ginnie Mae organizations. Proctor Financial suggests clients bundle Mortgage Impairment with a Mortgage Guard® policy for comprehensive insurance coverage.
How Mortgage Impairment benefits a financial institution
Mortgage Impairment Resources
For more information, visit www.pfic.com/programbusiness, contact PFI at 800.521.6800 or e-mail us.
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