Optional Insurance Services Form

This program is only for August REI, LLC servicing clients and provides:

• Real-Time Hazard Insurance Tracking (track expirations and cancellations)
• Immediate Blanket Insurance Coverage for program activated loans
• CFPB mandated compliant Borrower Letters to inform of insurance lapse
• Competitively Force/Lender Placed Insurance when necessary
• Program available for most 1 position Residential and Commercial Loans

August REI has retained industry veteran, US Risk Insurance Group, to explain the options available to Lenders. Options may vary with your particular business model and Loan types. This optional service for August REI clients from US Risk, puts in place important checks, balances and coverage so your properties and appropriately protected. This program allows Lenders to work directly with the Insurance Company separate from any involvement with August REI.

Notice to Broker/Originators: This form can only be signed by the Lender of Record. Please review this with your Lender before Setup.

Notice to Lender of Record: The Lender must provide insurance information to Eves as part of the signup process, (August REI does not provide such information to US Risk.)

Excluded Loans: Condo’s Fractionalized or Participation Loans, Junior Loans, and REO’s are not eligible for this program. A separate Discounted Insurance and Force Placed Program IS AVAILABLE for these.

If I/we choose to participate in the Real-Time Hazard Insurance Tracking, Immediate Blanket Insurance Coverage, competitively priced Force/Lender Placed Insurance, and related Preferred Insurance Pricing Options offered by US Risk (collectively, “Program”) for all qualified 1st Lien Mortgage Loans for our Lender Entity being serviced by August REI LLC currently and in the future (“Loans”), I/we will contact US Risk Insurance Group at 855-234-0472 to discuss and coordinate enrollment in the Program.

If I/we choose not to participate in the Program, or at any time after enrollment terminate our participation in the Program, I/we hereby agree to release and hold harmless August REI LLC, US Risk Insurance Group and its employees, agents, affiliates, and officers from any and all claims, demands, damages, actions, causes of action or suits of any kind whatsoever arising out of or in any way relating to any and all injuries and damages of any kind, both to person and property as a result of or in any way relating to not or no longer participating in this optional insurance and tracking coverage Program for my/our portfolio.

I/WE HAVE READ THIS DOCUMENT AND UNDERSTAND IT. I/we understand that my/our participation is strictly voluntary and I/we have no obligation to do so. I/we understand the risks of not participating in this optional program.