Understanding Today’s Connected Borrower

Sign up for this webinar to learn how to transform the borrower journey from transaction to relationship and gain a significant lift in production in today’s digital lending environment.

RealTrending: eXp’s Glenn Sanford reveals what’s next for company

CEO of eXp World holdings addresses his critics about his agent referral program, where he is taking the company next and growth limiters for the brokerage.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

How one lender is tackling demand for jumbo loans in 2021

Following its rebrand from Citadel Servicing Corp. to Acra Lending, the company has also launched a new jumbo prime program that will help borrowers in 2021 and beyond.

Sponsored Content

How lenders will benefit from Proctor Financial’s acquisition of Loan Protector

Proctor Loan Protector estimates it will be tracking 7 million loans by the end of 2021

As a result of Loan Protector’s recent acquisition by Proctor Financial, Proctor Loan Protector is now the largest managing general agency (MGA) in the market, meaning it is neither owned by nor confined to a single insurance carrier. This benefits the company’s clients in multiple ways.

Proctor Loan Protector is able to shop rates among its carrier partners to find the best rates for clients and their borrowers. In the event a carrier decides to leave the business or a client is unhappy with their coverage, the company can shift that insurance to a different carrier without impacting the operational tracking.  

The company’s in-house underwriting team has the ability to issue policies directly through its office or carrying partners, and the company can also adjudicate claims directly from its in-house team.

“We’re in the process of taking the best of both organizations and combining them to make the new Proctor Loan Protector,” said Damon Laprade, executive at Proctor Loan Protector. 

At the end of 2021, the company estimates it will be tracking close to 7 million loans as a combined entity, with 1,200 teammates working across three operations: Cleveland, Ohio; Troy, Michigan; and Daytona Beach, Florida. 

Proctor Loan Protector is focused on the best of the best: the best people, processes, technology and applications. For more information, visit https://proctorlp.com/.

Most Popular Articles

Should government help create housing market supply?

Some folks have some creative ideas to increase inventory. I appreciate the effort to throw around ideas; we need to have more discussions like this. The fact is that the economic ecosystem is much like a biological ecosystem. It’s hard to inject new things without impacting others. HW+ Premium Content

Apr 12, 2021 By

Latest Articles

The machine that’s coming for the robots

Last year, the market experienced record-breaking volume. But now as the volume slacks, mortgage lenders are exploring how technology could help cut costs.

Apr 14, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please