[Video] State of Home & Flood Insurance: Climate Change, Carriers Leaving States & Other Impacts
Reading time • 1 min
By Matic Editor
Did you know that nearly 80% of mortgage lenders noted an increase in problems with insurance in the last year due to the volatile insurance market? Lenders cited challenges such as more issues with a borrower’s DTI and delayed closings because of the time it took borrowers to find a suitable policy.
For insights on how lenders are tackling these challenges, watch the playback from a recent session with The Mortgage Collaborative, Matic, New American Funding, and Lake Michigan Credit Union on the state of the home insurance market and its impact on the mortgage industry.
