Products & Services:

Step 1:  Discuss your REO insurance requirements with your WNC representative and fill out a simple REOSelect™ application indicating the coverages, limits, and deductible you want. Send it to us with a profile of your REO portfolio that provides the total number of REO properties, distribution by state, and total outstanding loan balance.

Step 2:  Receive your custom REOSelect™ rate proposal based on your portfolio and the coverages, limits, and deductible you selected.

Step 3:  Review our proposal and if you accept, we will issue your REOSelect™ Master Policy so you can start ordering coverage through an easy-to-use reporting form.

Benefits and Options

With REOSelect™, you report properties for coverage and pay premiums monthly. In other words, you only pay premiums for the months that you need coverage.

REOSelect™ is backed by the world’s largest insurance market — rated “A” or better by Fitch, Standard and Poor’s and A.M Best Co., the premier insurance rating agency.

In addition to unmatched flexibility, REOSelect™ gives you more benefits and options:

• Wide Eligibility — accepts all types of residential and commercial properties including mobile and manufactured homes
• All-risk coverage with limits available up to $5M per location at competitive rates
• Replacement Cost claim settlement — no depreciation adjustments for residential and commercial buildings
• Includes Wind coverage — even in coastal areas and for named storms
• Optional Flood coverage:
  • $25,000 per property [Participating communities, outside and/or inside Special Flood Hazard Areas (SFHA)] with $2M annual aggregate;
  • $250,000 per residential and $500,000 per commercial property; or
  • $1M per property location
• Deductible options from $1,000 up to $100,000 (special Wind deductibles apply)
• Optional Coverages:
  • Earthquake (except AK and CA)
  • General Liability
  • Vacant Land Liability
  • Independent Contractor Liability
  • Business Contents for commercial buildings

Learn More

If you have questions or would like to get your REOSelect™ proposal, please call your WNC representative or our offices at 800-423-2497 ext. 6335.