meet hud insurance requirements for your reverse mortgages · as reverse mortgage lenders or...
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OSC | 245 TownPark Drive, Suite 200 | Kennesaw, GA 30144 | 800.432.1258 www.oscis.com | [email protected]
CA Insurance Lic. #0G13592 5/11/18
PROPERTYPROPERTY
As reverse mortgage lenders or servicers, you may find that at the end of a loan term, force-placed insurance prevents you from meeting HUD insur-ance mandates. As a traditional policy may not be an option, you need an efficient way place insurance on properties in your portfolio. To secure and maintain adequate hazard insurance, OSC’s Home Choice Complete provides more coverage than a traditional force-placed policy to better protect the asset and is backed by a top-rated carrier. The policies are easy to place using our online ordering system.
Meet HUD insurance requirements for your reverse mortgages
CONSUMER HOME CHOICE INSURANCE
Benefits At OSC, we believe in providing sound options to secure quality homeowners insurance coverage. OSC’s Home Choice Complete helps those reverse mortgage providers who are working just as hard to provide viable options to deliver financial peace of mind to homeowners nationwide. Together, we can deliver insurance that meets the needs of all stakeholders and retains appropriate property protection while meeting regulatory requirements. Collaborating with many traditional and reverse mortgage providers, OSC is a true ally in doing all we can to seamlessly support our lender and servicing partners and the clients they serve.
Coverages• Owner-occupied, single-family homes• $500,000 in property value• $100,000 liability maximum per property• Contents coverage up to $50,000 for
each property• Product is backed by a carrier with an
A.M. Best “A+” Rating
Service• Simple online application• Immediate and secure payment• Expedited policy issuance• Toll-free customer support• Ties into OSC’s IrisX technology for
up-to-date tracking
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