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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.

Mortgage Guard

Amanda Bowers Amanda Bowers , 8/14/2017
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Lender-Placed & REO
Hazard Insurance
Questions?
Contact:
Amanda Bowers
248.824.1464
abowers@pfic.com
Submission Requirements:
•   Completed application
•   3-year loss runs
•   Portfolio list
•   Current in-force list
For the past 45 years, Proctor Financial, Inc. (PFI) has established itself as a market leader providing servicing solutions and comprehensive lender-placed insurance products to satisfy the needs of financial institutions. By bundling insurance programs, PFI has been able to mitigate risk & reduce administration for the 1,500 clients it serves nationwide. Visit www.pfic.com to learn more.
Proctor Financial’s Mortgage Guard coverage protects properties when borrowers fail to obtain insurance. Mortgage Guard provides all-risk hazard insurance, including wind, for residential properties - including REO and mobile homes - as well as named perils coverage or all-risk coverage for commercial properties.
The advantages of Proctor’s Mortgage Guard lender-placed & REO hazard insurance program for financial institutions include:
•   Master policy program with no individual property underwriting
•   Multiple exclusive insurance carriers; AM Best “A” or better
•   Optional coverage including liability, flood, vacant theft, and more
•   Claims settled at replacement cost - even if property is not repaired
  ○   (Mobile homes at Actual Cash Value)
•   Web-based reporting and hazard tracking options
•   Flexible billing options and compliant borrower notifications
•   Refunds issued on a pro-rata basis
•   Proprietary client portal for vendor management
For more information on Mortgage Guard or Proctor Financial, please visit our website at www.pfic.com or our Mortgage Guard storefront!
 
 
Proctor Financial, Inc.
5225 Crooks Road
Troy, MI 48098-2823
tel: 248.878.2528 | fax: 248.824.1931
www.pfic.com