Complete coverage options for community banks

J.B. Lloyd and Associates, a division of U.S. Risk, has been in the business of helping community banks with insurance-related protection since 1988 and offers a complete range of coverage solutions for banks’ lending departments, including:

Lender Placed Hazard and Flood

Insurance purchased by lenders to protect their collateral interests in real property when they become aware of insurance lapses on an active mortgage loan or after a borrower’s real property is acquired through foreclosure. This includes wind and hail coverage in all coastal areas. We also offer both fully outsourced loan portfolio insurance tracking as well as self-reporting on our proprietary web-based portal.

Outsourced insurance tracking features

Insurance correspondence managed by our service center.
Document imaging and storage of borrower documents and notices sent available via 24/7 portal.
Toll-free number, fax and email for borrower and agent inquiries.
Deficiency verification to your loan requirements.
Multi-collateral insurance tracking.
Cross collateralization management.
Borrower contact through regulatory compliant and client-approved notices.
Customer contact documents via call notes attached to loans and available via the 24/7 portal.
Management reports customized to client needs.
Return file of tracking data available.

Regulatory compliant program for examinations or audits

SSAE audits performed annually
Extensive experience with flood insurance programs
Secure access to insurance and loan data via web portal
Secured File Transfer Protocol for data and documents

With more than 100 years of collective experience in bank insurance, we specialize in risk solutions for financial institutions. Good planning for asset protection is necessary to avoid costly losses.

Beth Boisseau-Coots
[email protected]
972-342-4280
www.usrisk.com/specialty-programs/financial-institutions