What is ORICS currently willing to insure?

• ORICS offers credit indemnity insurance, underwritten by Old Republic Insurance Company, on consumer loans and lines of credit, home improvement loans and on other stand-alone consumer loans and lines of credit.

Does ORICS offer insurance on any subprime loans or lines?

• No, ORICS programs are for prime loans and lines of credit only.

When would a lender need to inform ORICS about subordinations?

• A lender must always inform ORICS about subordinations and obtain ORICS approval prior to executing the subordination.

How can I access my ORICS reporting forms?

• Standard on-line reporting forms can be found here on the Lender Resources webpage. If you are required to report loan-level detail, please submit reports in the format as described in your term sheet.
• If you have questions about accessing or using the forms, please call (800) 621-7873.

When is a lender allowed to submit an overloan (exception) request?

• Overloan requests may be submitted as required by your policy and program guidelines.
• Not all programs or policies allow for overloan requests. Please refer to your policy and program guidelines, or call your sales representative if you have questions.

What are the required documents for submitting an overloan request?

• Overloan requests up to $50,000 require an application and credit report.
• Loans of $50,000 or more require a verification of income and a property value document (AVM, appraisal, etc.) as may be applicable, in addition to the application and credit report.
• If the borrower is self-employed, two years tax returns are also necessary.

What is the best way to submit an overloan request to ORICS?

• Overloan requests, if allowed by your program and policy provisions, can be submitted via fax to (877) 347-3271.