Risk Management Services

ANTICIPATING THE NEEDS OF THE UNDERSERVED.

Borrower Credentialing Services

Loan documents dictate the type of insurance the borrower is required to carry.

Lenders collect insurance information from borrowers to confirm that the borrower is meeting the insurance requirements in the loan to protect the lender's interest in the collateral securing the loan. This is typically done during the loan closing process and annually thereafter.

The effectiveness of a lender’s insurance tracking process for loans is determined by five key factors:

  1. Insurance tracking process
  2. Insurance knowledge and the lender's number of servicing staff
  3. Servicing platform used by the lender
  4. Insurance requirements in the loan documents
  5. Lender's Mortgage Impairment insurance coverage

At BCS, we have a dedicated team of professionals who specialize in pre/post-closing loan audit reviews. Using our proprietary web-based platform, we have a customizable audit process with the ability to store and organize all loan documents. We also provide a flexible reporting component that can service all types of loan portfolios.

In addition, we have expertise in Mortgage Impairment/E&O, lender Forced Placed coverage and Flood insurance and compliance issues. Learn more about BCS and our risk management services.

United States

Main:

862-242-5500

Morristown New Jersy (HQ)

163 Madison Ave, 4th floor
Morristown, 07960
New Jersey

Houston, Texas

5301 Hollister Rd, Suite 100
Huston, 77040
Texas

Provo, Utah

3520 North University Ave
Suite 350
Provo, 84604
Utah

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Canada:

+1 (403) 8790955

United Kingdom:

+44 (20) 38073232

France:

+33 (1) 70615781

Spain:

+34 (91) 0602881

Australia:

+61 (29) 0372462

New Zealand:

+64 (9) 8896521

Mexico:

+52 (55) 85261177

Brazil:

+55 (21) 20181231

India:

+91 (800) 0501003

China:

+86 (10) 87833256

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