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Illustrative scenario: A same-day insurance need before closing.
This is the last of the illustrative scenarios — a same-day insurance need before closing.
A loan officer discovers that a borrower still needs acceptable homeowners insurance documentation. Closing is approaching, and the insurance requirement remains outstanding.
I prioritize the review, gather the missing details and identify an available carrier. With underwriting requirements satisfied and the borrower’s approval, coverage is bound that day and documentation is provided to the lender.
The value to the loan officer: someone to call when an insurance issue needs immediate attention — with clear communication about what can be completed and when.
Same-day binding is possible in eligible cases; it is not guaranteed.
— Ken Coury | NPN: 21290624
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