Questions and Answers for Lenders

Answers to frequently-asked questions

Do you have a question about Default Resolution Network that is not addressed below? If so, please contact one of our management or account representatives for answers.

In which states do you provide default resolution services?

Default Resolution Network processes foreclosures on all property types in Arizona and California and on Commercial/vacant land (no residential) in Idaho, Montana, Nevada, Oregon, and Washington.

What level of bonding and insurance do you carry?

We carry $15 million (per occurrence) in Fidelity and Errors and Omissions insurance.

How do you stay current on new policies and regulations governing foreclosure?

We track a number of state legislative and attorney Web sites that provide us details of pending legislation. We consult with attorneys and underwriters in the Fidelity National Title Group to discuss the implications of changing legislation for our business, and that of our clients. We also actively participate in trade associations to understand the evolving regulatory and policy landscape.

Do you have plans to expand to more markets?

Our expansion plans are driven by our clients’ requirements for service. As new coverage requirements are identified by clients, we establish the business case for expansion, research regulatory requirements and recruit employees to manage local operations in that state.

*The statements made on this web page and any page that follows within the Fidelity Residential Solutions website are not intended, and shall not be construed to expressly or impliedly issue or deliver any form of written guaranty, affirmation, indemnification, or certification of any fact, insurance coverage or conclusion of law.