Red Viking Insurance Company (RVIC) provides insurance which mitigates the financial loss due to misrepresentations and the fraudulent activity that often occurs in the mortgage origination process. Our goal is to help increase liquidity in the purchase and sale of mortgages, reduce fraud, and return confidence to the residential debt markets.
- Our low cost product provides numerous benefits to the policy holder including, an offset against losses due to misrepresentation, validation of the integrity and quality of origination underwriting, and a credit enhancement to the mortgage.
- RVIC is the only admitted company in the United States providing Mortgage Misrepresentation Insurance (MMI).
- RVIC is a participant in the California Insurance Guarantee Fund and reinsurance is provided by an A rated carrier.
- The value of our product accrues to the benefit of all participants in the mortgage life timeline.
