Insurance Policy Analysis Services
Clayton’s Real Estate Services group (formerly Covius Real Estate Services) is a leading provider of insurance policy analysis services for commercial and GSE mult-family servicers. These services include audit, compliance reviews and loan servicing advisory. Our team has reviewed more than 400,000 loans using a flexible model that can be tailored to fit customers’ unique needs. Our model supplements existing platforms to deliver a complete, end-to-end solution.
Our reviews assess coverage to determine compliance with the loan documents, mortgage DOT, investor requirements, lender requirements, Pooling and Servicing agreements (PSAs) and insurance-closing checklists. Non-compliant items and deficiencies in coverage are reported to our Seller Servicer clients. Our team can review insurance documentation imaged from new loan closings, modifications, refinances, assumptions and renewals and report insurance certificate discrepancies to the customer.
Clayton maintains a high-level of communication with servicing staff, borrowers and/or agents as directed by the client. We can also contact borrowers and agents for renewals, draft expiration letters for mailing and follow up on non-compliant insurance as directed by the client.
Similarly, our teams are also available to undertake special projects, such as monitoring changes in carrier ratings, updating carrier and agent information and researching carrier ratings on AM Best, S&P, Moody’s and Fitch.
Clayton services also include:
- Monitoring escrowed loans for disbursements
- Scanning closing documents and correspondence
- Disbursements for pertinent information
- Monitoring properties located in earthquake and flood zones