Economic risks and exposures associated with mortgage portfolios have become more complex; so has protecting banks from losses. To help solve for this, OneBeacon Financial Services has created their Mortgageholders Coverage Program (MCP)! The new policy accounts for different types of losses that could impair mortgages, as well as certain exposures from originating and servicing loans.
Check out the latest News from the Vault article, featuring an overview of the product and coverage highlights.