Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Take precautions against potential mortgage missteps now.

Inevitably, borrower oversights and operational gaps can lead to lender risk. A homeowner on the coast inadvertently fails to secure flood or wind coverage before a major hurricane hits. A commercial borrower cancels their insurance policy days before their warehouse burns to the ground in a fire. A flood destroys collateral that was not in a special flood hazard area. The worst part? Your credit union holds the mortgage on all these properties.

How do you ensure your borrower insurance tracking operations and certain origination activities are protected against mistakes? Or, that the value of your loan is protected when your customer doesn’t secure the right coverage? The answer to mortgage lender risks is Mortgage Impairment (MI) coverage.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.