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HOA insurance broker refuses to insert Mortgage Lender Company as the Loss Payee on the HOA master insurance policy.

From what I am understanding so far is that Mortgage Lenders are usually put as the "Loss Payee" on the HOA master insurance policy (and that this is part of their requirements) so that they will fund the loan. Is there a particular reason of why the HOA insurance broker would refuse to do this?

submitted by /u/vibrant14
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source https://www.reddit.com/r/RealEstate/comments/1k1zu3s/hoa_insurance_broker_refuses_to_insert_mortgage/
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