Home » Product Offerings » Second Mortgage Lien Insurance

Second Mortgage Lien Insurance

Second Mortgage Lien Insurance is used in place of a traditional Owners and Encumbrance (O&E) Report and Courthouse Searches to insure against any unknown liens that could move an institution out of planned lien position (ie. Other unknown loans or Tax Liens).
Coverage responds when:

  • Discovery of a previously unknown, undisclosed , intervening lien affects the status of the loan
  • Loan must usually be in default before claim is paid.

Qualifications Guidelines & Eligible Properties

  • Home Equity/Second Mortgage/Home Improvement Loans up to $500,000 loan amounts
  • Refinance First Mortgages up to $500,000 loan amounts
  • Loan-to-value not to exceed 100%
  • Loan must be submitted for recording within twenty-one (21) days of loan closing
  • One-to-four residence, townhome or condominium
  • Property must be located in the United States
  • Per loan cost between $55-$75

Benefits of Second Mortgage Protection

  • Insure for your lien position
  • Reduce your closing costs
  • Save Time! No waiting for title search to come back
  • GAP coverage –Insure against liens being recorded ahead of your position

No expense for loans that do not close!

Give us a call or fill out the form on this page to learn more about second mortgage insurance.

  • Get A Free Quote Right Now!