Inman - ValueInsured’s +Plus program insures homebuyers’ downpayments

When is the last time the mortgage industry saw a new product designed to benefit the homebuyer? According to Joseph Melendez, founder and CEO of ValueInsured, it may have been the advent of home warranty policies in the 1970s — so, obviously, homebuyers could use a little innovation.

That’s what led ValueInsured to introduce +Plus, a new “down payment protection program” that safeguards buyers’ down payments and reimburses those funds in the event of a loss when they sell in a market downturn.