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Financial Services Products for Banking and Mortgage Industries
Product highlights
Innovative Risk Solutions provides appraisal management and underwriting services liability and home equity loan default insurance. They have the very best protection for Mortgage Service Providers and Community Banks by combining superior process automation, risk mitigation and cost efficiency to deliver outstanding results for our business partners.
Product features
Innovative Risk Solutions offers specialty financial services products in the banking and mortgage industries. Products offered include:
Mortgage Service (MSP) Program
- Appraisal Management Professional Liability Insurance: Product provides outsource appraiser's E&O per appraisal
- Underwriting Services Professional Liability: Product provides outsource underwriters E&O per contract
Protequity Home Equity Loan Insurance
- Product is offered to credit unions and small community banks.
- This product is designed to protect lenders for individual loan defaults on home improvement loans.
Scope of coverage
Mortgage Service (MSP) Program
- $100,000 per claim / $5,000,000 aggregate
- Premium is incurred one time
Protequity Home Equity Loan Insurance
- $250,000 per claim on all secured loans and $25,000 on unsecured loans / aggregate is 10% of the Outstanding Balance of new loans reported during the policy period
- Premium per loan is incurred on a monthly basis
Contact
Unitas Financial Services provides appraisal management and underwriting services liability and home equity loan default insurance. We have the very best protection for Mortgage Service Providers and Community Banks and combine superior process automation, risk mitigation and cost efficiency to deliver outstanding results for our business partners.
