The Lender's Performance Bond, available in selected states, is an innovative BancInsure
product developed Matterhorn by for second mortgage and home equity lenders. It
provides an alternative to securing time-consuming and costly land records searches
to identify existing liens and encumbrances on the property which will be securing
the loan.
This coverage protects the lender from losses due to undisclosed or unknown liens
that are superior to the lender's intended secondary lien position at loan origination,
and which:
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Existed on or before loan origination;
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Are superior to the lender's secondary lien position;
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Were not disclosed by the borrower; and
- The lender did not know existed.
Matterhorn specializes in insurance programs that are unique to the needs of financial
institutions. Our Customer list includes hundreds of banks, thrifts and credit unions
nationwide. Building your second mortgage and home equity loan portfolio is a full
time job. Protecting it doesn't have to be. Let Matterhorn take care of that for
you.
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