We created an in-house Insurance Surveillance and Coverage Renewal Tracking Practice for lenders and servicers who lack the internal resources and expertise to monitor insurance renewals and track all insurance exposure and renewal changes.
Our team onboards and tracks coverage expiration dates, distributes renewal notices, and identifies and resolves coverage lapses and non-compliant issues. With an in-house proprietary tracking system, we tailor the renewal process and ad-hoc reporting to client requirements.
Team Competencies
- Business contract review
- Litigation support
- Claims Expertise
- Annual policy reviews
- Insurance shortfalls issues
- Market Analysis
- Benchmarking
Client Benefits
- Improved insurance-data quality
- Reduced operational expenses associated with insurance tracking
- Streamlined tracking process that eliminates confusion and cumbersome responsibilities
- Identified insurance exposures through portfolio scanning
- Submittal of Notice of Requirement letters to borrowers with insufficient or missing insurance coverage or information
- Automatic coverage for uninsured losses that occur during the borrower-notification cycle
$1
Trillion In Deals
20+
Years of Experience
120+
Domestic & International Clients
100k+
Loans Closed
Get in Touch
If you are interested in learning more about the full range of our risk advisory services and career opportunities, we look forward to discussing how we might be able to work together.
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