Real Estate
Blanket Mortgage Hazard
When tracking insurance renewals and cancellations is not appealing to the bank, a Mortgage
Impairment Policy is available. These types of policies are cost effective to lenders with low risk
portfolios who have a limited physical damage loss history.
Forced Order Hazard
The lender's promissory note requires the borrower to maintain proper insurance which protects the
lender’s interest. If the borrower fails to do this, the lender has the right to place insurance that will
protect their interest. The policy premium is passed along to the borrower and is designed to protect the
lender for physical damage losses up to the outstanding loan balance. Online tracking capabilities
make it easy to monitor insurance cancellations and place coverage at your discretion.
Flood Determinations
We partner with FIS Flood Services for their online flood determination request and delivery program.
The cost can be considerably less using BMF as a wholesaler than contracting direct with your provider.
Title Search Alternatives
Rather than perform a title search on a property, achieve your goal of securing the lien position by
insuring it. Equiguard is insured by an AM Best A rated insurance carrier with a multi billion dollar
funding pool. It is designed to streamline the closing process for all 2nd mortgage products. In addition
to saving over half the cost of a title search, Equiguard also saves time and effort used to clear up
discrepancies found in a search. With Equiguard, old mechanic liens, tax liens and other items that may
be found on a title search do not delay the closing of the loan. Loans close faster, with less effort and
with the added benefit of ensuring a 2nd place lien position.
Property Valuations
Whether you need full appraisals for local or out-of-town lending or you want a lower cost valuation
solution for a home equity loan, we have a wide selection of options. We have access to Automated
Valuation Models (AVM) which can generate a property valuation report in a matter of seconds. A more
comprehensive report, a Gap Valuation, bridges the gap between AVM and full appraisal by providing
photos, market analysis, sale and MLS comp data and more, all for significantly less than the cost of a
full appraisal.
Blanket Mortgage Hazard
When tracking insurance renewals and cancellations is not appealing to the bank, a Mortgage
Impairment Policy is available. These types of policies are cost effective to lenders with low risk
portfolios who have a limited physical damage loss history.
Forced Order Hazard
The lender's promissory note requires the borrower to maintain proper insurance which protects the
lender’s interest. If the borrower fails to do this, the lender has the right to place insurance that will
protect their interest. The policy premium is passed along to the borrower and is designed to protect the
lender for physical damage losses up to the outstanding loan balance. Online tracking capabilities
make it easy to monitor insurance cancellations and place coverage at your discretion.
Flood Determinations
We partner with FIS Flood Services for their online flood determination request and delivery program.
The cost can be considerably less using BMF as a wholesaler than contracting direct with your provider.
Title Search Alternatives
Rather than perform a title search on a property, achieve your goal of securing the lien position by
insuring it. Equiguard is insured by an AM Best A rated insurance carrier with a multi billion dollar
funding pool. It is designed to streamline the closing process for all 2nd mortgage products. In addition
to saving over half the cost of a title search, Equiguard also saves time and effort used to clear up
discrepancies found in a search. With Equiguard, old mechanic liens, tax liens and other items that may
be found on a title search do not delay the closing of the loan. Loans close faster, with less effort and
with the added benefit of ensuring a 2nd place lien position.
Property Valuations
Whether you need full appraisals for local or out-of-town lending or you want a lower cost valuation
solution for a home equity loan, we have a wide selection of options. We have access to Automated
Valuation Models (AVM) which can generate a property valuation report in a matter of seconds. A more
comprehensive report, a Gap Valuation, bridges the gap between AVM and full appraisal by providing
photos, market analysis, sale and MLS comp data and more, all for significantly less than the cost of a
full appraisal.
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