Insurance Requirements

It is the borrower's responsibility to provide a minimum six-month insurance policy. The borrower shall instruct the insurance agent to provide the declaration page and invoice to both the title company and Investor Lending Services at least 24 hours before closing.

We encourage our borrowers to begin securing insurance early in the loan process.

The mortgagee clause for the insurance policy is:

TRED HOLDINGS, L.P.
dba Investor Lending Services
Its Successors And/Or Assigns
4702 Old Spanish Trail
Houston, TX 77021

• All insurance premiums are required to be paid at closing. We do not accept insurance policies that have been paid for prior to closing the loan.

• If the borrower has a blanket policy, the insurance agent must provide a declaration page showing the addition of the new property and indicating that the borrower has a blanket policy.

• Coverage shown on the declaration page must include vacancy, vandalism and malicious mischief.

• One month policies are not acceptable. Coverage must be for a minimum of six months. • Monthly payment policies are not acceptable.

• The amount of the insurance policy shall not be less than the amount of the loan.

• If a cancellation letter is received stating your insurance will be cancelled:

1. We will be forced to place your property on a blanket policy on the day preceding the date shown on the letter as the expiration date of the policy, unless we receive written notification of a new policy or of policy reinstatement.

2. You will be charged a $200 insurance placement fee plus $50 per month on top of the actual premium amount for a servicing charge.

Any delay in providing insurance coverage could delay the funding of your loan.

Please feel free to call us 713-440-9000 or use our convenient contact form if you have any questions!