I would also be interested in these responses.
Thank you,
Maria Reichart
Chief Loan Operations Officer
Shore Bancshares, Inc
From: xxxxxx@simplelists.com [mailto:xxxxxx@simplelists.com] On Behalf Of Munroe, Russ A
Sent: Thursday, June 25, 2015 2:27 PM
To: xxxxxx@simplelists.com
Subject: SilverLake MA-RUG hazard insurance tracking
Hello all – the questions below are from Heather Porter in our Commercial Operations Group – please respond to her at xxxxxx@grbbank.com.
Would any other banks be willing to share their hazard insurance tracking policy/process for loans?
Do you track insurance for all loans with collateral or have a dollar amount cutoff?
How do you handle SBA loans or pledged loans?
Do you have a blanket insurance policy that would cover the loss of uninsured collateral?
Do you use third party service providers to track insurance and if so, who?
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