SitusAMC subsidiary Securent is expanding its reach into the private-label market with plans to soon introduce a loan-defect insurance product for residential mortgage-backed securities (RMBS) transactions, according to executives from both companies.
The initial focus of Securent, which was launched late last year, has been to provide loan-level loan-defect insurance for third-party mortgage originators working in the agency space, the executives said. The company is now preparing to unveil similar coverage for the secondary market with the goal of introducing a private-label insurance product in 2022.
Securent’s parent company is well-positioned to help it make a successful foray into that details ⇒
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