CUNA Mutual Group, a Madison, Wis., provider of insurance and other services to credit unions, has rolled out what it believes to be that industry's first insurance against losses from fraudulent documentation provided for mortgages.

The fraudulent mortgage loan documentation coverage will apply to material misrepresentations, through alterations by the borrowers, on certain residential mortgage lending documents used by credit unions to make lending decisions. These include verifications of income and employment, offers to purchase and/or appraisal reports.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access