Lenders Single Interest

As Private Insurers become more common, certain rules have been put in place for a lender to be mandated to accept a private flood policy. The review process to know if this mandate applies can be time consuming for the lender and possibly delay loan closings. TEJ has a cost effective and more efficient process. A Private Flood Deficiency (E&O) Policy is designed to cover any gaps in coverage, conditions or exclusions found between a private flood insurance policy and a standard NFIP policy. This new product will provide you with the confidence to continue your lending efforts unabated by the recent communications regarding the acceptability of private flood insurance for government backed mortgages.

Click here for a more detailed overview of the product offering.

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