Make a Connection with Proctor at MBA Annual Convention & Expo

October 11, 2016

October 11, 2016 Visit Booth #1811 to learn how Proctor’s hazard tracking & lender-placed insurance solutions make a connection between vendor management standards and industry compliance for mortgage servicers. Proctor’s insurance programs are designed to mitigate risk effectively while surpassing audit and mortgage servicing requirements. Let’s take this opportunity to make a connection and discuss […]

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6 Sales Best Practices for Property & Casualty Agents

July 26, 2016

July 26, 2016 Establishing relationships and prospecting new business is a challenging playing field for Property & Casualty insurance agents. Working as a strategic planner and applying innovation can increase your probability of successful sales outcomes. Here are 6 tips for sales best practices for Property & Casualty agents to solidify your distribution strategy for […]

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What is an MGA?

June 20, 2016

June 20, 2016 A Managing General Agent (MGA) is an insurance agency or business entity who is granted authority by an insurance carrier to administer insurance programs and negotiate contracts on its behalf. The MGA acts as an intermediary between carriers and agents and/or insureds. Partnering with an MGA can be thought of as working […]

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Supply Chain Driven Workflow for Mortgage Servicers

May 18, 2016

May 18, 2016 Consumers are more cognizant than ever and are more involved in the financial decision making process, with the digitalization of information, everything is at their fingertips; this has drastically changed the dynamic of financial services. This piece will explore this new dynamic and its relation to mortgage servicers. Increased accessibility has allowed […]

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Effective Third-Party Provider Vendor Management for IT Security & Governance Practices

March 10, 2016

March 10, 2016 Vendor management is one of the regulatory requirements for financial institutions and a primary focus for mortgage servicers to ensure compliance with OCC and regulatory agencies. Vendor management requires strategic planning for mortgage servicers when sourcing their hazard tracking and lender-placed insurance tasks to third-party providers, as well as continuous performance monitoring […]

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Is your Hazard Insurance Tracking Provider taking care of your Customers?

December 4, 2015

December 4, 2015 As a mortgage servicer, you recognize the importance of adhering to exceptional borrower and customer service. The quality of service provided to your borrowers often dictates loyalty and profitability. If a borrower could receive the same services from anyone else, what would stop them from refinancing with one of your competitors? Sometimes […]

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Investor/Rental Property Coverage Considerations

November 25, 2015

More Americans are viewing renting residential homes as a feasible substitute to obtaining a mortgage to purchase a home. Across the population between 25 and 54 years old, the homeownership rate is at an all-time low of 65%. People under 30 years old make up 51% of the rental housing market in the US. In […]

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PFI is an Industry Leader in CFPB Compliance

September 8, 2015

When it comes to compliance and standards of performance, there are certain industry standards set forth by the Consumer Financial Protection Bureau (“CFPB”) that every third party vendor must adhere to. Third-party vendor standards for CFPB compliance include:  Developing an effective process for managing risk, ensuring that third-party relationships do not present a risk to the […]

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What is Blanket Hazard Insurance and Do I Need It?

June 24, 2015

Every day financial institutions make loans to people looking to purchase new homes and commercial properties. While larger institutions that issue Fannie, Freddie or GSE serviced loans tend to have sophisticated tracking mechanisms in place to identify the lack of insurance to secure the collateral, this is not always possible for the servicing industry as […]

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Why do banks and mortgage servicers choose Proctor Financial?

June 24, 2015

When choosing between providers of lender-placed insurance you know PFI has the experience and proven track record that keeps its clients in compliance.  With forty plus years of experience, 21% market share in the top 100 servicers, and 1500 loyal clients, the choice becomes easy. Experience 40+ years of experience writing lender-placed insurance 1,500 financial […]

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