Thank you Randy, but would you eloborate a bit more-
1. I am thinking we would not forceplace unless the policy is cancelled (Escrowed loan)and the customer does not respond after the notice cycle. I guess I am asking if it would be handled the same way for non escrowed loans?
2. Sorry, I didn't articulate this one well at all...of course we can't renew the customer cancelled policy. On a non-escrowed loan where we have recieved notice of renewal and the customer fails to pay after the notice cycle, if you pay the customers premium and collect from them, are we required to obtain consent from the customer?
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Comments are strictly my own and not that of my employer.