Proctor Financial, Inc.’s (PFI) REO Guard® is a Lender-Place Hazard Insurance program tailored for financial institutions with only real estate owned (REO) property portfolios. REO Guard® protects real estate owned (REO) properties and properties in foreclosure or default when no coverage is in place on behalf of financial institutions. REO Guard® provides optional liability coverage and can be bundled with property inspection services at the time of acquisition to verify the condition of the property on the date of possession.
Mortgage Guard® by PFI is lender-placed hazard insurance coverage that protects properties (including REO) when borrowers fail to maintain adequate insurance coverage as collateral for the loan. Mortgage Guard has optional premises liability, which provides slip and fall coverage on these properties.