We have a customer who has canceled their hazard insurance policy which was paid through escrow. The bank has a blanket policy for hazard insurance, so we would be covered; however, my question is where this is a HPML would we be required to still force place hazard insurance and pay for it through the escrow account?
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It is better to act cautiously beforehand than to suffer afterward.
The answers I give are my opinions. Not legal advice.