Mortgage Protection

Our Broker Mortgage Protection Program contains two separate coverage features:
Mortgage Errors & Omissions/Impairment and Force Placed/Foreclosed Property.

Mortgage E&O covers the bank against errors and omissions related to the bank's handling of physical damage insurance and homeowners insurance covering the real property of borrowers.

Mortgage Impairment protects the bank when a mortgage becomes impaired (i.e. goes into default) and property insurance is uncollectable, insufficient, or nonexistent.

Force Placed/Foreclosed Property is a standalone, comprehensive program for foreclosed and force placed properties designed to insulate your P&C package from foreclosed property and liability losses while managing the insurance risk for the life cycle of a loan. REcover™, our internet-based reporting system, makes scheduling and tracking easy, minimizing administrative costs.

  Mortgage Protection Program Overview

  Mortgage E&O/Impairment Coverage Definitions


Coverage Summary Application
Mortgage E&O/Impairment   
Force Placed/Foreclosed Properties   

REcover Login

Login to REcover, our online
force placed foreclosed policy management tool


Your P&C Underwriting Team

Dirk Hanket 

Product Manager
dhanket@abais.com
216-220-1347   
Christine Smierciak 

Underwriter
csmierciak@abais.com
216-220-1312 Christine Smierciak, LinkedIn  

Joanna Barney
Underwriter
jbarney@abais.com
216-220-1344 Sharon Hrenko, LinkedIn  

Todd Steele 

Senior Underwriter
tsteele@abais.com
216-220-1338 Todd Steele, LinkedIn  

Notwithstanding any language to the contrary, nothing contained herein constitutes nor is intended to constitute an offer, inducement, promise, or contract of any kind. All coverage descriptions and claims examples are provided for informational and educational purposes only and are not a representation as to coverage for any particular claim and are not represented to be error free. Coverage for any claim is determined upon the specific facts of the claim, the terms and conditions of the policy and applicable law. For details on the coverage provided by your specific contract of insurance, please refer to your policy. Coverage is subject to underwriting guidelines and may not be available in all states. Limits may be capped for underwriting reasons. Any links to any sites which are not originated by ABA Insurance Services Inc. (ABAIS) are provided only as a courtesy and are not intended to nor do they constitute an endorsement by ABAIS of the linked materials.