General knowledge
If the closing date is within 2-weeks, how far out should we place the reminder date to follow up?
what is 2-3 days
Name 3 states that need wind and hail insurance?
What is AL, CT, DE, FL, GA, HI, LA, ME, MD, MA, MS, NH, NJ, NY, NC, RI, SC, TX, and VA
Name three things that need to be present on all HOI's?
What needs to be pulled for flood insurance?
what is the flood Certificate
What is HOI?
What is Homeowners Insurance
Do we require HOI to be escrowed?
what is Yes
in what States will we might need Mine Insurance?
what is West Virginia and Pennsylvania
What does the effective date need to be?
What is Day of Signing
if the borrower doesn't go with VUI, what does the LC need to do?
what is send task to borrower for HOI company
what is VUI?
What is Veteran United Insurance
what three insurance companies have portals for ordering HOI?
What is USAA, Geico, Allstate
In what State do we need to get a separate policy for Hurricane if it isn't included in the HOI policy?
What is Hawaii
Is wind and Hail coverage always included through VUI
what is Yes
Can we accept a Cash value for coverage amount?
What is no
What is RCE?
what is Replacement Cost Estimate
In what state are we not able to ask for the RCE?
what is Florida
on Condos, how much replacement coverage do you need? (in percent)
What is 100%
What percent can the deductible not go over?
what is 5% of the dwelling coverage
Is the HOI policy task assigned to the LC or the Veteran?
What is the LC
(The HOI info is assigned to the Veteran)
What is PITIA?
What is Principal, Interest, Taxes, Insurance, and Association Dues