In a recent interview with Insurance Business America, Paul Zubrowski, Assistant Vice President of Underwriting at OSC, discusses how lenders can protect themselves and their bottom line with a comprehensive Mortgage Impairment policy from OSC.
Mortgage impairment insurance is an essential product for all types of lenders, especially regional banks, credit unions, and community banks. It provides coverage if a mortgaged property is damaged when the borrower failed to maintain required property insurance and then defaults on the loan due to the damage to the property.
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