The organization supports lenders by insuring bank loans, which guarantees lenders that loans will be repaid in the event of borrower default. (reversemortgagehelp.com)
The insurer will guarantee the lender against loss in the event of a foreclosure. (stlmortgageconsultants.com)
When someone chooses to take out a secured loan this basically means that there is some physical property that will guarantee the lenders repayment. (badcreditloanservices.com)