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Lender Resources |
ORICS offers a variety of tools to help you expand your loss mitigation opportunities and stay informed of industry developments. Standard reporting forms and additional tools to aid you in doing business with ORICS can be accessed from this page and downloaded to your computer. Links to industry-related websites and announcements are also available for your use by accessing the "Industry Information" link to the left.
Loss Mitigation Programs
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Loss Mitigation Guide - ORICS has developed a loss mitigation guide to assist you in your loss mitigation efforts. This guide provides benchmarks for ORICS' loss mitigation options, such as loan modifications and short sales, on insured loans. A lender must obtain prior written consent from ORICS before implementing a loss mitigation option for any insured loan. Please contact our Loss Mitigation Department at 1-800-621-7873 for more information.
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Delegated Approval Program - ORICS supports the Making Homes Affordable Program (MHAP) and in response has created a Delegated Approval Program. This program allows you to streamline your adherence to the terms of your Old Republic credit indemnity insurance policy as you modify insured loans according to the Treasury guidelines under MHAP.
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Reporting for Loss Mitigation - Please contact the ORICS Loss Mitigation Department at (800) 621-7873 prior to using these templates to discuss their implementation.
Forms
The following forms can be downloaded for your use in accordance with your credit indemnity insurance policy.
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| © 2009 Old Republic Insured Credit Services,
Inc. • 307 N. Michigan Avenue • Chicago, IL 60601 |
| Safe Harbor Statement |
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