Real-estate-owned (REO) assets can be a drain on staff and financial resources at lending institutions. Preventing loss due to lapsed insurance is a necessary precaution in these challenging situations. OSC delivers REO commercial and residential property protection and state-of-the art IrisX (Informed RISk eXchange) tracking technology.

Protection, convenience, and reliability for lender-owned property.

  • Easy-to-access and cost-effective
  • Monthly premiums can be started or stopped readily, saving you money
  • Special form coverage with limits up to $10MM+, more on request
  • Replacement cost: With certain exceptions, generally offers no depreciation adjustments
  • Wind coverage: Available even in coastal areas and for named storms.
  • Flood coverage option of $250,000 per residential and $500,000 per commercial property
  • Deductibles: Options from $250 up to $100,000 with special wind deductibles
  • Earthquake coverage: Available in all states except Alaska and California (inquire as to options)
  • General liability: Limits up to $1MM each occurrence with a $2MM aggregate; Excess coverage available

Our customizable coverage options include special risk, replacement cost, wind, and flood. Non-performing loan programs are also available. Once approved, you immediately benefit from our web-based IrisX technology system, rigorous compliance practices, robust reporting features, professional claims handling, and value-priced coverage from A.M. Best “A” rated carriers.

The OSC team is ready to onboard your REO portfolio in a timely and professional manner. We have a range of additional competitive solutions for lenders from LPI to fully outsourced tracking and service support. As we have worked with all sizes and types of banks, credit unions and other financial and investor institutions, we provide experienced strategic guidance to support our clients’ goals. We are also committed to staying at the forefront of thought leadership on compliance issues in our industry.

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