14
Jul
For homeowners with a mortgage, understanding the ins and outs of their mortgage terms, including the clauses and policies, is crucial. One key element that many borrowers often overlook is the mortgagee clause. This article provides an in-depth look at the "Mr. Cooper Mortgagee Clause" to help you understand its significance in your homeowners' insurance policy and mortgage agreement. What is a Mortgagee Clause? Before delving into the specifics of the Mr. Cooper mortgagee clause, let's first explain what a mortgagee clause is. A mortgagee clause is a provision included in a homeowners' insurance policy, protecting the lender's financial interests…