Insurance Consulting for Lenders

You’re ready to close on a new loan with a borrower. Final agreements are drafted, escrows are analyzed, and only days remain before closing. You finally receive the borrower’s insurance certificates that prove evidence of coverage for the collateral you’re lending against, but how do you know if it’s sufficient? Is the lender properly included on the policies? Is there enough coverage and the right type of coverage for an asset of this size, type, occupancy, and location?

If the borrower does not have the proper insurance in place or if that insurance does not comply with your requirements as the lender, there could be serious consequences. Hiring a third-party insurance consultant to review the borrower's insurance before closing reduces your risk, protects your assets, eliminates hassle, and provides you with peace of mind. We ensure that closing isn't delayed because of insurance issues. Best of all, our services come at no cost to lenders—the borrower pays us a small fee out of the closing.

We have over a decade of experience working with lenders across the country, many focusing on different niches like bridge financing, construction loans, mezzanine debt, commercial mortgage-backed securities, refinancing, and syndications to name a few. Our clients include life insurance companies, special servicers, debt funds, hard money lenders, and traditional banks.

For more information on how we can help your institution, please contact us.

Mortgagee, Loss Payee, Lender’s Loss Payee: What does it all mean and why should lenders care?

Matthew-Shatzkamer-sq

Matthew Shatzkamer

Head of Risk Management

Solutions

Business Insurance

No matter your industry, our team of advisors will find the best risk management solution for you through our risk management approach and a wide range of carrier partners.

Employee Benefits

Let us help you navigate the world of employee benefits. Create a customized, comprehensive benefits strategy to attract and retain employees.

Individual Life and Health Insurance

Thoughtful and easy. Meet with our professionals today to ensure a secure future for you and your family.

Personal Auto and Home Insurance

Working with the top personal insurance companies, Associated is able to find the right solution for you.