Lender-Placed Insurance Programs

Most financial institutions are seeking a partner to supplement their lender-placed insurance capabilities. Adaptability and scalability are critical when deploying mortgage protection services.     

Because every financial institution's requirements are unique, we offer web-based self-service for smaller portfolios, Mortgage Flex, a program for clients who want to control customer contact but leverage our investments in technology, and full outsourcing. 

MULTIPLE OPTIONS ForLender-Placed Insurance Programs

Managing General Agent 

Our managing general agent structure leverages multiple "A" rated carriers to obtain best market rates without being locked into a single carrier. In addition, we can provide an array of insurance solutions from many sources to meet any unique requirements. 

Customized Approach

Whether you need web-based, Mortgage Flex, or fully outsourced services, our teams can quickly scale the program to meet your growth.  

Compliance and Regulations

We understand the importance of meeting all regulatory and compliance requirements by CFPB, GSE, FDIC, NFIP, Biggert-Waters, and any other regulatory body. SWBC's dedicated in-house compliance team proactively monitors for new and updated requirements. 

Convenience for Clients and Borrowers

SWBC's commitment to the lender-placed insurance market includes significant recent investments in infrastructure and technology. Our self-serve channels were created to meet your borrowers' expectations and provide efficiencies during the lender-placed insurance process. Borrowers can provide insurance information, monitor entire claim(s) process, or make a payment with the convenience of any connected device.

Trusted Partner

SWBC has been providing lender-placed insurance services for more than 30 years and full outsourcing services for nearly two decades. Our best-in-class risk management programs are backed by years of experience serving financial institutions and mortgage servicers.  

Over 300 financial institutions, including some of the largest banks and mortgage servicers in the country, trust SWBC with their lender placement needs.


Meet Your Portfolio Needs WithInsurance Outsourcing Solutions

Our self-service lender-placed insurance program is a great option for clients who prefer to track their own portfolio or need additional coverage for a specific portion of your portfolio. We offer two convenient solutions for placement:

  • Automated
  • Web-based

With automated placement, lenders provide a data file of properties requiring placement. Then, our team assists you in placing policies on each property. 

The web-based option allows you to manually order policies from our exclusive AutoPilot® client portal. AutoPilot gives your institution the ability to monitor your lender-placed program in real-time. Claims submissions can be easily completed within a single, online form via the AutoPilot portal.  

This flexible solution allows clients to leverage SWBC's lender-placed insurance and document processing technologies, while your institution maintains direct customer-facing contact for:

  • Customer care
  • Escrow disbursements

Additionally, you benefit from automated technologies that deliver best-in-class processing solutions including:

  • Optical Character Recognition (OCR)
  • Matching technology
  • Robotic Process Automation (RPA)
  • Machine learning

SWBC's fully outsourced lender-placed insurance program offers a compliant solution executed by our skilled risk management team. 

We'll handle the entire process by receiving electronic data from hundreds of insurance carriers and aggregators, to receiving and processing mail, handling calls, lettering, flood, escrow payments, and customer care.  

Your borrowers benefit from self-service features including:

  • IMCovered.com—a co-branded insurance status verification website
  • Ask Emily—a virtual agent who can answer thousands of your customer's questions
  • Interactive Voice Response (IVR)—allowing customers to easily check their insurance status
  • LossTrak®—web-based and mobile friendly tool customers can use to understand, process, and check claim or disbursement status without talking to a customer service representative. 

With full outsourced lender-placed insurance, you manage your program with our AutoPilot client portal. Through quick-glance graphs and in-depth reporting, you can easily monitor performance.   

When partnering with SWBC, you benefit by working with a financial services provider whose products and experience in payments and collections offers you the complete loan servicing package. SWBC offers payment solutions to assist your customers in making convenient payments through multiple channels. Through collection services, we are available to help you with overflow collection needs. 

Contact us to learn more about our lender-placed insurance programs.

AutoPilotClient Portal

Our exclusive web-based client portal gives your financial institution direct access to a whole suite of products within a single, user-friendly program.

Learn more about our AutoPilot Risk Management Platform


You can use AutoPilot's insurance application features for:

  • Loan level account details
  • Policy level research
  • Claim research
  • Submit a claim
  • LPI quotes
  • Reporting
  • Portfolio stats
 

IMCovered.com allows your borrowers to conveniently provide proof of insurance in just a few simple steps. The process can be completed on any connected desktop, tablet, or mobile device. 

Watch our video demo to learn more about all its features.  

LossTrak®

Our commitment to self-serve channels for borrower convenience includes a web-based loss draft management application. The application is available to help customers complete and simplify the claims process. 

Through this one application, borrowers can understand claims process requirements, check claim or disbursements status, and review or request inspections. And, of course, it's mobile and tablet friendly

Contact us today and put SWBC's Lender-Placed Insurance Programs to work for you.

Related Services

ContactUs

Mega Menu Insert

subMenu3 Content Insert | 3 Columns

subMenu16 Content Insert | 1 Columns

subMenu18 Content Insert | 3 Columns

subMenu15 Content Insert | 1 Columns

subMenu14 Content Insert | 1 Columns

subMenu13 Content Insert | 1 Columns

subMenu4 Content Insert | 3 Columns

subMenu9 Content Insert | 1 Columns

subMenu17 Content Insert | 1 Columns

subMenu12 Content Insert | 2 Columns

subMenu11 Content Insert | 3 Columns

subMenu5 Content Insert | 1 Columns

subMenu8 Content Insert | 1 Columns

subMenu10 Content Insert | 1 Columns

subMenu2 Content Insert | 3 Columns

subMenu6 Content Insert | 1 Columns