Lender-Placed Hazard Insurance

REO Guard® Lender-Placed Hazard Insurance
REO & Foreclosed Properties Only

Proctor Financial, Inc. (PFI) offers REO Guard®, a specialized Lender-Placed Hazard Insurance program designed exclusively for financial institutions that manage real estate owned (REO) and foreclosed properties. REO Guard® closes the insurance gap when borrower coverage lapses or is absent, protecting institutional holders from property damage exposures during foreclosure and the holding period.

Agents and brokers can use this program to place lender-placed hazard coverage for banks, credit unions, servicers, and other lenders that need a reliable, responsive solution for REO portfolios. REO Guard® combines broad carrier access with streamlined administration to help you move accounts quickly and manage risk while properties are in an institution’s inventory.

Ideal Accounts and Appetite

REO Guard® is built for lenders and servicers with portfolios of REO or defaulted properties, including:

• Regional and community banks holding foreclosed residential homes
• Credit unions with real estate assets acquired after default
• Loan servicers, asset managers, and custodial portfolios of distressed properties

This program is best for institutional portfolios rather than single-location retail placements. It supports multi-state books of business and is designed for accounts where a master policy approach reduces administrative burden.

Coverage Highlights and Advantages

• Access to multiple carriers rated A.M. Best "A" or better
• Customizable coverage limits and deductible options to match your client’s exposure
• Premises liability available selectively
• Monthly billing to help clients manage cash flow and maintain continuous coverage
• Proprietary web-based tools for fast reporting, onboarding, and claims handling
• Dedicated client portal to centralize administration and vendor coordination
• Master policy structure — no individual property underwriting required for each location
• Optional property inspection services at acquisition to document condition and control loss exposure

The program is non-admitted and operated through an MGA model, giving nationwide reach with flexible placement options.

Underwriting Notes and Minimum Premiums

REO Guard® uses a master policy framework that streamlines placement and reduces the need for location-by-location underwriting. Minimum premiums vary by portfolio size, geography, and selected coverage features. Underwriting focuses on portfolio characteristics (state mix, property types, vacancy rates, and vendor oversight) rather than individual property risks.

Example account scenarios

• You have a regional bank that acquires several foreclosed single-family homes across three states and needs immediate hazard coverage while assets are marketed — REO Guard®’s master policy and monthly billing simplify enrollment and cash flow.
• A loan servicer managing a large national portfolio needs a single point of contact and claims portal for dozens of REO properties — the program’s client portal and inspection options help centralize servicing.

Territories and Availability

REO Guard® is available nationwide — all 50 states and Washington, D.C. — including key markets such as CA, TX, FL, NY, IL, and GA. Because the program is non-admitted and delivered via an MGA model, it is well-suited to lenders with multi-state portfolios.

Why Work With Proctor Loan Protector?

Proctor Loan Protector brings decades of experience in lender-placed insurance and a technology-forward service model. As a specialist MGA, the program offers agents and brokers:

• Direct access to top-rated carriers and market capacity
• Responsive underwriting tailored to institutional needs
• Proprietary systems that reduce paperwork and speed onboarding
• Dedicated support for portfolio servicing, billing, and claims coordination

These strengths make placing REO hazard accounts faster and simpler for agents working with institutional clients.

For program details, carrier information, or to begin a submission, see the REO Guard® program page: http://www.pfic.com/insurance-products/lender-placed-insurance/reo-guard/ or visit http://www.pfic.com/contact/.