Summit Financial is a third party administrative company that is also the exclusive coverholder for a new line of private mortgage surety, and Financial Guarantee. The coverage offered by Summit Financial indemnifies the lender in the case the borrower defaults on the loan.
Surety & Performance
Surety refers to one party agreeing to satisfy the default of another.
Performance refers to the guaranteeing of the performance of a contractual obligation between parties.
Financial Guarantee
Using world known Insurers offering to guarantee, in case of the default of a Principal.
Bank Guarantee
Using a world recognized bank as a Guarantor, in case of the default of a Principal.
Life Settlement Contingency Covers
A credit enhancement tool offering to investors in Life Settlement Programs the comfort that their expected return will Materialize.
Summit Financial is a third party administrative company that is also the exclusive coverholder for a new line of private mortgage surety, and Financial Guarantee. The coverage offered by Summit Financial indemnifies the lender in the case the borrower defaults on the loan.
Surety refers to one party agreeing to satisfy the default of another.
