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Proctor Loan Protector
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Proctor Loan Protector
Contact Us
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Mortgage Guard

PFI’s Mortgage Guard Lender-Placed & REO Hazard Insurance coverage protects financial institutions’ property interest when borrowers fail to maintain adequate insurance coverage as collateral for the loan.Mortgage Guard ensures continuous insurance coverage by securing all-risk Lender-Placed & REO Hazard Insurance, including wind, for residential, commercial, REO, and mobile home properties, as well as named perils coverage or all-risk coverage for commercial properties.

This process has been defined as Lender-Placed Insurance (also called “forced placed” insurance within the industry). PFI’s Mortgage Guard product provides a flexible, affordable option to ensure a comprehensive coverage solution. Bundle Mortgage Guard with Bridge60 (lender-placed flood insurance) and optional premises liability for a complete coverage solution.

The advantages of PFI’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 Submission Requirements:
• Completed application
• 3-year loss runs
• Portfolio list
• Current in-force list For more information about Mortgage Guard, PFI’s Lender-Placed & REO Hazard Insurance, contact PFI at 800.521.6800 or e-mail us.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Managing General Agency
  • Admitted:
    No States
  • Carriers:
  • Carrier Ratings:
    A or better
  • Commission:
    Competitive
  • Min Premium:
    Varies
  • Coverages:

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CONTACT

LOCATION

5225 Crooks Rd.
Troy, MI 48098
248-824-1464
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APPLICATIONS

  • Mortgage Guard Application
    P&C Agents - Please have the lender/mortgage servicer fully complete the Mortgage Guard Application and submit to PFI.

AGENCY LICENSING

Licensed in All 50 States and U.S. Possessions 
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Proctor Loan Protector has other insurance programs like Lender-Placed Hazard Insurance .