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Managing Force-Placed Mortgage & Auto Insurance

Feb 26 2:00 PM - Feb 26, 2020 3:30 PM
Feb 26, 2020 2:00 PM - 3:30 PM

How can you ensure your collateral is properly insured? Are there coverage gaps? Force-placed insurance may be the answer.

Learning Objectives

  • Properly administer the force-placed hazard insurance rules for mortgages
  • Distinguish between hazard insurance rules and flood insurance rules
  • Handle force-placed auto insurance issues
  • Define what should be considered in an E&O policy to ensure there are no gaps in insurance coverage
  • Avoid the landmines that can arise with initial disclosures
  • Assess the potential impact of other insurance types on your policies and procedures

In a perfect world, all collateral would be properly insured. Nothing is more disheartening than to realize your collateral has burned to the ground – with no insurance. Join us to learn the technical regulatory requirements of force-placed insurance and how to avoid losses. This program will focus on issues important to lenders, plus offer suggested questions to pose to your insurance professionals.



Bill Elliott, CRCM, Young & Associates, Inc.

Bill Elliott has over 40 years of banking experience. As a senior compliance consultant and Director of Compliance Education with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews, conducting in-house training, and writing compliance articles and training materials.Bill’s career includes 15 years as a compliance officer and CRA officer in a large community bank, as well as working at a large regional bank. He has experience with consumer,commercial, and mortgage loans, and has managed a variety of departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout. 




Live and recorded webinar, handouts, quiz with answer key and training log are included.

Additional Info

Event Type


Topics Covered

  • Live Webinars
  • Executive Management
  • Lending & Collections