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Many lenders don't fully understand the inner workings of the insurance industry. That misunderstanding often puts agents in a quandary.

Resource TitleDescriptionRating
2013 Bankers Article The next time a lender makes an unreasonable request, share this article (PDF) written by the Florida Bankers Association with that lender. 1 2 3 4 5
2015 Bankers Article FAIA and the Florida Bankers Association are working together to educate lenders about what they can and can't ask of agents. This article (PDF) appeared in the December 2014/January 2015 edition of the FBA magazine. 1 2 3 4 5
Agreed Value Coverage – Fannie Mae

The key with lenders is to educate them that Fannie Mae does not require agreed value and also advise them that this coverage is seldom available in Florida.

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Compliance Corner: Requesting Evidence of Insurance Here's more support in your efforts to rein in unreasonable lender requests. This article is included in the January 2015 issue of Insurance Insights, a publication of the Florida Division of Agent and Agency Services. 1 2 3 4 5
Condominium Coverage A—Fannie & Freddie This Q&A summarizes the requirements for Coverage A on the HO-6 policies. 1 2 3 4 5
FLDFS Article This article appeared in the January 2015 issue of Insurance Insights, the monthly Florida Department of Financial Services newsletter. 1 2 3 4 5
Insuring for the Mortgage Amount Often a mortgage lender will ask that the insurance policy provide coverage equal to the mortgage amount. However, the mortgage is made based on the value of the house and land. Since the insurance policy does not cover land, the two figures have nothing to do with each other. 1 2 3 4 5
Lender Issues of the Week: Please Complete Our Form Some mortgage companies are sending lender-specific forms to agencies for completion and signature for a loan closing. Should you refuse to complete such a form? Of course you should! Find out why in this Community blog. 1 2 3 4 5
Lender request to cancel...What WILL you do? Suppose you had written a homeowners policy for a customer a few years back. The lender sends you a fax saying, “We have acquired the property by default.  Please cancel the homeowners policy and send the check for return premium to us at the address below.” What would you do? Join the discussion in the Community. 1 2 3 4 5
Lenders Calling on a Recorded Line? What's Next? In his Community blog, David Thompson has a suggestion for what you should do if a lender asks questions about Evidence of Insurance on a recorded line. 1 2 3 4 5
Lenders Gone Wild If you were unable to take David Thompson's Lenders Gone Wild class, this PDF will give you an idea of what you missed.
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Lender-Supplied Private Flood Insurance Form Beware lenders who request you sign a “Certification of Adequacy of Private Flood Insurance by Agent" form. 
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Mortgage Company Issues Requests by lenders are often made to the insurance agent and those requests lead to problems when trying to structure an insurance policy.  This article contains some frequently asked questions about this issue. 1 2 3 4 5
Mortgage Company Non-Payment of Premium Problems The agent is stuck in the middle when a mortgage company fails to pay the premium and a policy is cancelled. 1 2 3 4 5
Providing Proof of Insurance Coverage to Your Lender When property is financed, the lending institution will insist upon evidence of insurance. While the insurance policy provides such evidence, rarely is it available by the time of the closing of the loan. 1 2 3 4 5
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