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Real Estate Owned (REO) Property — Overby S...or this program?The program fits bank-owned and investor-owned residential and commercial propert...

Real Estate Agents face a wide range of pro...a strong legal defense capability for real estate professionals facing liability cla...

Blanket Hazard Mortgage Protection Program from Overby Seawell Co. Overby Seawell Co. offers a Blanket Hazard Mortgage Protection program built for lenders and servicers who need a simpler, more consistent way to protect mortgage portfolios. The program replaces the need to track individual borrower hazard policies or rely on force-placed insurance that can create administrative overhead and legal exposure. As a Managing General Agency with access to multiple carriers, Overby Seawell Co. combines underwriting expertise and market placement capability to help brokers place blanket hazard coverage efficiently. Ideal Accounts and Appetite This program is a fit for: Banks and credit unions with sizable residential mortgage portfolios Mortgage servicers and sub-servicers seeking operational efficiency Lenders focused on reducing reputational and litigation risks tied to force-placed insurance You might have a client that services hundreds or thousands of loans across several states. Rather than tracking each borrower's hazard policy and issuing force-placed coverage when a gap appears, this blanket approach covers the portfolio under a single program, reducing touchpoints and exception handling. Coverage Highlights and Advantages Eliminates routine borrower-level insurance tracking and the need to force-place individual policies Reduces administrative costs and staff time spent on insurance compliance Minimizes litigation risk and customer friction associated with force-placed placements Provides consistent, portfolio-wide hazard protection so coverage gaps are easier to manage Supports better borrower relations by avoiding frequent insurance-related notices and disputes The blanket structure provides uniform protection across eligible properties and helps prevent uncovered losses that could otherwise affect the lender’s collateral position. Underwriting Notes and Minimum Premiums Underwriting is portfolio-driven and tailored to loan volume, property mix, and loss experience. Typical submissions should include loan counts, property addresses or distribution by geography, and any historical loss information. Minimum premium varies by risk profile and portfolio size; agents should be prepared to discuss the scope of exposure so underwriting can recommend appropriate terms. Territories and Availability The program is available in most states, including CA, FL, TX, NY, GA, IL and WA, and Overby Seawell Co. places business nationally. Coverage is typically offered on an admitted basis in many jurisdictions; availability and form filings should be confirmed by state for each placement. Why Work With Overby Seawell Co.? Overby Seawell Co. combines mortgage-industry experience with direct carrier access and an MGA model designed for speed and service. Agents and brokers benefit from: Direct access to underwriters experienced with mortgage portfolios Efficient quoting and placement processes for large or complex accounts The ability to tailor terms across different portfolio compositions and jurisdictions A partner focused on reducing operational burden for lenders and servicers Example scenarios that typically place well: a regional bank consolidating hazard exposure for its mortgage servicing portfolio, or a third-party servicer seeking a single program to manage collateral protection across multiple investor accounts. Frequently Asked Questions What types of accounts are a good fit for this program?This program is ideal for banks, credit unions, and mortgage servicers that manage large portfolios of residential loans and want portfolio-wide hazard protection without borrower-level tracking. How does Blanket Hazard Mortgage Protection differ from force-placed insurance?Blanket protection covers all eligible properties in a portfolio under a single policy, removing the need to identify individual coverage gaps and to routinely issue force-placed policies to borrowers. What information is needed for underwriting?Underwriters typically request portfolio size, property mix and locations, loan counts, and any relevant loss history to evaluate exposure and recommend terms. Is this program available in all states?The program is available in most states, including CA, FL, TX, NY, GA and others. Coverage availability and admitted status vary by state—confirm specific filing and availability with Overby Seawell Co. for each placement. Can this program be customized for unique lender needs?Yes. Overby Seawell Co. works with multiple carriers to tailor coverage terms to the lender’s portfolio characteristics and operational requirements. Need help placing an account? Connect with a market specialist.

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...dit Unions Force Placed & Bank Owned Properties (REO) Overview of the Pro...r-focused approach to force-placed and REO insurance. With access to multiple ...

...d Force Placed Insurance and Owned Real Estate program designed for insurers, ...te insurance for non-performing loans, REO properties or collateral that is un...