Westcor streamlines the process to obtain Lien Priority Insurance required by investors with its innovative Mortgage Modification Guarantee (“MMG”). The MMG is a flat fee, stand-alone lien priority insurance product issued from our centralized National Lender Services platform in lieu of an endorsement to the original loan policy. Subordination agreements are not required in most cases for issuance of the MMG, eliminating the need for time consuming tasks locating junior lien holders, fee negotiations, and delays in processing the loan modification. Loan Modification Recordings and a Current Owner Title Search to assist in determining eligibility are ancillary services that can be included with our MMG as a bundled service.
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