Protequity Default Protection

Our Protequity solution is tailored to help lenders expand their equity loan portfolio while simultaneously providing loan default insurance to help mitigate future losses.

Protequity Default Protection

Protequity is a credit default insurance program designed to help lenders grow their loan portfolios while mitigating exposure to potential future loan losses. The program is crafted to complement existing lending platforms by enabling lenders to broaden their scope and attract additional creditworthy clientele. With the support of Protequity, lending programs can be tailored to achieve 100% Combined Loan-to-Value (CLTV) thresholds, thereby enabling lenders to substantially enhance loan production in traditional equity-based lending programs.

Protequity is also designed to mitigate the impact of borrower default, thereby enhancing the performance metrics of a lender’s home equity portfolio. The program offers lenders the capability to safeguard their home equity portfolio against borrower default for various reasons, including bankruptcy, divorce, job loss, or death. In the event of default, the lender can file a claim, avoiding the foreclosure process, and potentially report zero losses on their balance sheet.

Features
Benefits
Eligible Loans

Backed by an A.M. Best A Excellent Rating carrier.
Foreclosure is not required to file a claim.
Provides loan default coverage in the event of delinquency for any reason.
Claims can be submitted when a loan has been delinquent or in default for 90+ days.
The premium is calculated based on the monthly outstanding loan balances.

Allows lenders to expand the CLTV for good credit-quality borrowers to 100%.
Provides loan default coverage in the event of delinquency for any reason.
Allows lenders to reach and attract additional creditworthy clientele.
Increase interest income by expanding lending opportunities.

Closed-End Home Equity Loans (HELOANS)
Open-End Home Equity Lines of Credit (HELOCS)
Purchase Money Seconds
Home Improvement Loans:
- Secured up to $250,000
- Unsecured up to $25,000

Real Estate Lending

Blanket Mortgage Hazard

This Blanket policy eliminates the need to track hazard insurance, send warning letters and force-place hazard coverage after verifying insurance at loan closing.

Lender-Placed Program Alternative
Eliminates Hazard Insurance Policy Tracking
Provides All-Risk Property Coverage
Coverage Through Foreclosure Process
REO & Flood Coverage Available

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Real Estate Lending

Mortgage Insurance Tracking

Outsource all the duties associated with opening insurance renewal mail, tracking insurance policies, sending warning letters and force-placing coverage.

Third-Party Insurance Tracking
Notifications Handled By Third-Party
Force-Placed Insurance Placed When Needed
Transfers Risk of Non-Compliance
Access to Real-Time Online System

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Real Estate Lending

Lender-Placed Insurance

Gain access to a user-friendly system which generates CFPB compliant warning letters and allows lenders to easily add, cancel and edit coverage when necessary.

Add, Edit or Cancel Coverage Online
Automated Warning Letter Cycle
Hazard, Flood and REO Coverage
Customizable Deductibles & Limits
Simplified Monthly or Annual Billing

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Protequity Default Protection