AFR Mortgagee Clause
(Homeowner’s Insurance, HO6, Flood Insurance)
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AFR Mortgage Clause for Loans closing with AFR as the Lender |
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Title and CPL |
Homeowner’s Insurance, HO6 and Flood Insurance |
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| FHA | American Financial Resources, Inc. ISAOA/ATIMA and The Secretary of HUD 9 Sylvan Way Parsippany, NJ 07054 |
American Financial Resources, Inc. ISAOA/ATIMA and The Secretary of HUD PO Box 202049 Florence, SC 29502-2049 |
| VA | American Financial Resources, Inc. ISAOA/ATIMA and The Department of Veterans Affairs 9 Sylvan Way Parsippany, NJ 07054 |
American Financial Resources, Inc. ISAOA/ATIMA and The Department of Veterans Affairs PO Box 202049 Florence, SC 29502-2049 |
| USDA | American Financial Resources, Inc. ISAOA/ATIMA USDA, Rural Development 9 Sylvan Way Parsippany, NJ 07054 |
American Financial Resources, Inc. ISAOA/ATIMA USDA, Rural Development PO Box 202049 Florence, SC 29502-2049 |
| Conventional | American Financial Resources, Inc. ISAOA/ATIMA 9 Sylvan Way Parsippany, NJ 07054 |
American Financial Resources, Inc. ISAOA/ATIMA 9 Sylvan Way Parsippany, NJ 07054 |
| Reminders | ||
| Table Funded transactions |
· CPL should reflect AFR’s mortgagee clause · Title, HOI, HO6 and Flood should reflect the Table Funders Mortgagee Clause |
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| C and CDE Clients | · All Mortgagee Clauses should reflect the Correspondent Lender’s name | |
| Texas Loans | Due to the rules and regulations of the Texas Department of Insurance, title policies should reflect the proposed insured as: American Financial Resources, Inc., and each successor in ownership of the indebtedness secured by the insured mortgage, except a successor who is an obligor under the provisions of Section 12(c) of the Conditions and Stipulations. | |
| HO6 | Insurance Covers | |
| Property Insurer Rating Requirements | Property Insurer Rating Requirements | |