Mortgage Repurchase Insurance

What it is

Protects mortgage originator from losses stemming from loans contractually required to be repurchased by the investor.

Losses covered

  • Scratch and dent

  • Foreclosures

  • Short-sales

Types of loans covered

Both QM and non-QM loans.

Cost

Varies, as it depends on portfolio composition, volume, and policy limits.  However, it is negligible as it is typically passed through and is less than the cost of loss reserves.  

Types of companies covered 

  • Warehouse lenders

  • Wholesale lenders

  • Correspondent lenders

  • Independent mortgage bankers

What is needed for a proposal

Complete the fields below or contact us.

We can be reached at 405-456-9854 or info@paymentins.com

*Insurance policies backed by carriers rated "A" or better by A.M. Best 

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