Real scenarios. Real time saved.
Here's how escrow officers use MortgageeClauses.com every day.
Pre-disbursement verification
The lender requires proof that the correct mortgagee clause is on the insurance policy before you can disburse. Verify the clause in our database and confirm it matches.
Escrow holdback release
The lender placed a holdback because the insurance wasn't properly assigned. You need the lender's insurance department number to resolve it. Our database has it.
Refinance clause update
A refinance is closing and the old lender's clause needs to be removed while the new lender's clause is added. Look up both clauses and coordinate with the insurance agent.
Builder warranty to permanent loan
The construction loan is converting to a permanent mortgage with a different lender. The insurance needs a new mortgagee clause. Search and provide it to all parties.
Escrow shortage correction
The lender changed their insurance PO Box and the annual premium payment went to the wrong address. Our database shows the current address and when it last changed.
Multi-lien coordination
The property has a first and second mortgage with different lenders. Both need correct clauses on the insurance. Look up both in one search session.