Ideal Accounts and Appetite
This program is built for agents and brokers who place flood coverage for mortgage lenders and servicers. OSC works with residential, commercial, and mixed-use mortgage portfolios. Typical accounts include regional and community banks, credit unions, mortgage servicers, and portfolio managers that must demonstrate flood compliance for loans secured by properties in SFHAs.
You might have a client that is a regional credit union managing thousands of mortgages, or a servicer that acquires loans from brokers nationwide. OSC can support both single-loan placements and large portfolio programs, with automated tracking and placement logic to limit unnecessary policies.
Coverage Highlights and Advantages
- Flood zone determinations for new and existing loans to identify SFHA exposure
- Automated portfolio tracking through OSC’s proprietary TC system to flag deficiencies and avoid duplicate placements
- Borrower notification workflows for required coverage or documentation gaps
- Placement of lender-placed flood policies when borrower-placed coverage is missing or insufficient
- Compliance support for FEMA/NFIP rules and documentation needed for secondary market sales
- Access to multiple carrier markets to find flexible terms and competitive pricing
Underwriting Notes and Minimum Premiums
Premiums depend on property location, flood zone classification, structure characteristics, and portfolio size. OSC partners with agents and lenders to place appropriate coverage efficiently, using TC system automation to reduce false placements and administrative overhead. Minimum premiums and specific underwriting requirements vary by carrier and state—contact OSC or your market specialist for case-specific guidance.
Territories and Availability
OSC’s Lender Placed Flood program is available in most U.S. states, including AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY and DC. Whether your client operates regionally or nationally, OSC can scale service to match the portfolio’s geography.
Why Work With Overby Seawell Co.?
Overby Seawell Co. brings decades of experience in lender-placed insurance and mortgage compliance. As an MGA with established carrier relationships and a proprietary tracking platform, OSC combines regulatory knowledge, technology, and placement expertise to help agents place compliant lender-placed flood coverage quickly and reliably. Working with OSC gives you a partner that understands secondary market expectations and audit documentation needs.
Frequently Asked Questions
What types of accounts are a good fit for OSC’s Lender Placed Flood program?
This program is ideal for mortgage lenders, loan servicers, banks, and credit unions that need flood insurance compliance solutions for properties in Special Flood Hazard Areas (SFHAs).
How does the TC system help with compliance?
OSC’s TC system tracks insurance status across loan portfolios, notifies borrowers of deficiencies, and reduces unnecessary policy placements—streamlining compliance management.
Can OSC help with flood zone determinations?
Yes. OSC provides flood zone determinations for new and existing loans and supports ongoing updates if a property moves into a higher-risk flood zone.
In which states is this program available?
The program is available in most states, including CA, FL, TX, NY, GA, WA, and many others. OSC supports national and regional lenders alike.
What carriers does OSC work with?
OSC works with various carriers to offer flexible and competitive lender-placed flood insurance solutions tailored to each client’s needs.
Need help placing an account? Connect with a market specialist.