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IL Group to provide REO insurance for NHHFA

New Hampshire Housing Finance Authority (NHHFA) has selected IL Group to manage its insurance requirements and also offer real estate-owned (REO) insurance.

By contracting IL Group to offer the best insurance options, NHHFA will now fully concentrate on promotion, finance and supporting affordable housing opportunities and associated services for residents in the city.

New Hampshire Housing executive director Dean Christon said, ”Partnering with IL Group provides great value to our business operations as we work to put REO properties back into the housing market.”

IL Group executive vice president David Stidham added, ”In effectively managing the insurance selection process, we are able to provide New Hampshire Housing Finance Authority an efficient and productive business partnership.”

Established in 1989, IL Group is a provider of lender placed and forced placed insurance products and services to lending institutions across the US.

The company also provides stand-alone REO programs in the industry, completely independent of a lender-placed program.