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REO Insurance Covers Bank-Owned Properties
May 15, 2009WNC Insurance Services launched a new insurance product exclusively for real estate-owned (REO) properties. Mortgage lenders and servicers can use the product to cover both residential and commercial REO properties for anything from floods to earthquakes, and from business contents to liability protection. The new product “puts a lender in control,” said CEO Bill Keeler in a media statement. “By allowing a lender to select the specific coverages, amounts and options it needs, it is able to manage its insurance costs more effectively,” he added.
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