What is EquiShield®?

EquiShield provides comprehensive all-risk portfolio protection for residential second, third or non-purchase first mortgages, second deeds of trust, closed or open-ended home equity loans and consumer lending mortgages or refinances. This blanket insurance coverage allows lenders to secure maximum coverage without requiring any insurance tracking or borrower follow-up on individual properties.

PFI also has a hazard blanket insurance program for residential and commercial called Portfolio Guard®. For first mortgages, commercial and REO properties, Proctor Financial offers lender-placed hazard (Mortgage Guard®) and flood (Bridge60®) as well as REO hazard (REO Guard®) insurance products on a reporting form basis.

How EquiShield benefits a financial institution

  • No Administration – eliminates individual loan tracking, insurance follow-up and need to verify insurance coverage on individual properties for securitization
  • All-Risk, broad coverage on residential properties (may include flood)
  • One Annual Premium based on portfolio size, lending activity and geographic spread
  • Policy responds when mortgagor’s primary insurance does not pay for losses incurred

EquiShield Resources

For more information, contact PFI at 800.521.6800 or e-mail us.