REO Guard coverage protects real estate owned (REO) properties in foreclosure or default when no insurance coverage is in place. REO Guard has been bundled, in most cases at no additional charge, with National Vendor Management Services (NVMS) property inspection services at the time of acquisition to verify the condition of the property on the date of possession.
With REO Guard, claims are settled on a replacement cost basis vs. Actual Cash Value. This results in significantly higher settlement when claims are adjusted on replacement cost basis. Claims are settled at RCV even if the property is not repaired. The decision to repair the property is the lender’s choice.
Flexible reporting options are available, ranging from web-based self-reporting to automated lender placement and full outsourcing with servicing system integration.
uReport is our proprietary reporting tool for automated lender-placement, tracking policy expiration dates, edit billing functions, premium calculations, claim reporting, and lender-placed borrower notifications.
Dedicated Proctor representative to assist with refunds & billing options.
REPLACEMENT COST VALUATION
ValueNOW is a real time property replacement cost valuation tool for residential and commercial properties using three national public property data sources.
Real Estate Tax Services
Comprehensive tax tracking, payments, tax certifications, and redemption processing.