Lender Placed Solutions
Insurance Programs with Specialty Pro Underwriters
At Specialty Pro Underwriters, we equip independent insurance agents with access to comprehensive Lender-Placed Insurance (LPI) programs designed to protect financial institutions when borrower coverage lapses. Our solutions give you the tools to meet your lender clients’ compliance requirements, protect their collateral, and deliver programs that are both competitive and efficient.
Why Agents Partner with Specialty Pro Underwriters
- Market Access – Best-in-class programs without navigating carrier contracts alone.
- Agent-Focused Support – Resources and training to make you look great in front of clients.
- Compliance Built-In – Programs aligned with CFPB and investor guidelines.
- Scalable Solutions – Options for regional credit unions to large mortgage servicers.
Program Features
Feature
- Automatic placement when coverage lapses
- Single-interest and dual-interest options
- Residential, commercial, and REO coverage
- Real-time tracking systems
- Streamlined claims handling
- Flexible billing & reporting
Value for Your Clients
- No gaps in protection on valuable collateral
- Flexibility based on lender needs
- Versatility across loan portfolios
- Simplifies insurance monitoring and placement
- Faster recovery when losses occur
- Easier administration for servicers
How It Works for Your Clients
- Insurance Monitoring – Borrower coverage is tracked for lapses or deficiencies.
- Notice Process – Automated notifications are sent in compliance with regulations.
- Policy Placement – When coverage isn’t reinstated, a lender-placed policy is issued automatically.
- Ongoing Management – Claims, billing, and reporting are all managed seamlessly to reduce administrative workload.
Benefits for Agents
Expand your offerings with a high-demand program.
High Strengthen relationships with banks, credit unions, and mortgage servicers.
Access Specialty Pro Underwriters’ dedicated team for underwriting support.
Build long-term revenue streams through lender partnerships.
Partner with Specialty Pro Underwriters
When you work with Specialty Pro Underwriters, you’re not just selling a product—you’re delivering a turnkey solution to your financial institution clients. With our expertise and carrier relationships, you can grow your agency while helping lenders safeguard their portfolios.
Contact us today to learn how Specialty Pro Underwriters can help you bring a complete Lender-Placed Insurance program to your clients.
Ready to join SPU?
Our team is here to help you get setup today.