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The Proctor Perspective | Agency Relations

Provides insurance professionals with mortgage industry insight and is a resource P&C agents to learn more about protocols associated with insurance solutions for financial institutions. If you have relationships with financial institutions, visit to learn more about business best practices, industry trends, competitive advantages, and income producing opportunities.

Work with banks or mortgage servicers? Start offering lender-placed insurance.

Amanda Bowers Amanda Bowers , 4/11/2017
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Proctor Financial is seeking agents who have relationships with financial institutions to begin offering lender-placed insurance.

What is lender-placed insurance?

When a borrower does not maintain sufficient insurance coverage on their property, the mortgage allows the lender to purchase insurance to protect their financial interest in the property. This is done by obtaining lender-placed insurance (also known as force-placed insurance), thus protecting the property and the lender in the event that any damaging hazards occur. This creates a safety net for the financial institution.

To whom can I sell lender-placed insurance?

Proctor Financial provides lender-placed insurance to financial institutions, mortgage servicers, community banks, regional banks, credit unions, sub-servicers, and distressed asset investors. Already have relationships with these organizations? Find out how they’re protecting their portfolio.

What are the benefits to working with Proctor?

Proctor partners with multiple insurance carriers rated AM Best “A” or better to provide competitive terms and long term program stability. With over 45 years in the lender-placed insurance industry, Proctor will manage all surplus lines filings and provide marketing tools and sales assistance so agents can spend more time selling and servicing their clients.

How do I get started?

Visit our CompleteMarkets Storefront to learn more about our products and to request a quote.

Best regards,

Amanda Bowers
VP of Marketing
248.824.1464
abowers@pfic.com
Proctor Financial, Inc.
5225 Crooks Road,
Troy, MI 48098