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.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.