The Avantus Master Insurance Policy:
Title Insurance to Close Loans Faster.
The Avantus "Master Insurance Policy" (MIP) product insures the home equity lender's lien position with a title insurance policy that uses information obtained from the borrower's credit file and loan application. By saving the time and costs associated with a traditional title search and the clearing of unreleased encumbrances, it allows immediate loan approval and closing.
The MIP product offers:
- Instant Approvals
- Immediate insured lien position
- Life of Loan coverage
- GAP Endorsement (secures the lien position based on credit report profile)
- Credit Endorsement (provides protections if reporting of liens are not present on credit report at time of application).
To learn more about the Avantus MIP product, or to become an Avantus client, please contact one of our sales associates at (800) 243.0120, or click here.