Doing business with Proctor is simple – learn about the benefits of being a Proctor agent
Why Become a Proctor Agent?
Proctor Loan Protector (PFI) specializes in lender-placed insurance solutions and has over 45 years of experience in the industry. As a Managing General Agency, PFI offers licensed agents access to a comprehensive suite of insurance products tailored to the needs of mortgage servicers, banks, credit unions, and private equity clients. With access to multiple insurance carriers rated “A” or better by AM Best, agents benefit from competitive coverage terms and long-term program stability.
PFI makes it easy to do business by managing all surplus lines filings, offering marketing tools, and providing sales support, allowing agents to focus on building and servicing their book. Whether you’re expanding your client base or looking to enhance your existing offerings, partnering with PFI connects you with experienced professionals and proven solutions that add value for both you and your clients.
Ideal Accounts and Appetite
This program is best suited for agents serving clients in financial services, including mortgage lenders, loan servicers, banks, credit unions, and private equity firms. PFI understands the unique exposures these institutions face, such as uninsured collateral, forced-placed property risks, and compliance challenges. If you have accounts seeking streamlined lender-placed insurance protection or solutions to reduce administrative burden, this program is a strong fit.
Example: You might work with a regional credit union needing a scalable, compliant force-placed insurance solution for its mortgage portfolio. Or a private equity firm acquiring distressed real estate assets that require quick, reliable coverage placement. These are ideal scenarios for PFI’s services.
Coverage Highlights and Advantages
PFI provides access to a broad range of lender-placed insurance products, including property and hazard insurance, flood insurance, and other risk management solutions tailored to protect loan collateral. The program is backed by top-rated carriers and offers:
- Customizable insurance programs that align with client objectives
- Recommendations for workflow solutions to reduce internal administration
- Expedient claims handling and processing
- Dedicated account managers for daily program support
Underwriting Notes and Minimum Premiums
As a non-admitted program, PFI handles all surplus lines filings for you. Minimum premiums vary by account type and coverage needs, and agents are encouraged to contact PFI for guidance on suitable submissions. The program is designed to accommodate a wide range of account sizes and complexities, with flexibility to scale as your clients’ needs grow.
Territories and Availability
PFI's lender-placed insurance solutions are available in all 50 states, including Washington D.C. Agents across the U.S. can leverage this program to serve clients with operations in one or multiple regions.
Why Work With Proctor Loan Protector
Proctor Loan Protector has built a reputation for dependable service, market expertise, and long-term partnerships. As a Proctor agent, you gain access to a dedicated team that understands the complexities of lender-placed insurance and strives to make your role easier. From compliance-ready workflows to responsive support and flexible program design, PFI empowers you to confidently serve your clients and grow your business.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for mortgage servicers, banks, credit unions, and private equity firms that need lender-placed insurance products to protect collateral and streamline operations.
Is the program available in all states?
Yes, Proctor Loan Protector offers this program in all 50 states and Washington D.C.
What carrier partners does PFI work with?
PFI partners with multiple insurance carriers rated “A” or better by AM Best, ensuring strong financial backing and competitive coverage options.
Does PFI assist with surplus lines filings?
Yes, PFI manages all surplus lines filings on behalf of agents, simplifying the process and ensuring compliance.
What kind of support can agents expect from PFI?
Agents receive marketing tools, sales assistance, expedient claims handling, and a dedicated account manager to support their day-to-day needs.
Need help placing an account? Connect with a market specialist.