The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

Inside Look: RealTrends 2021 Brokerage Compensation Study

Steve Murray, senior advisor to RealTrends, gives an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

How lenders can prepare for increasing regulatory pressures

As compliance becomes an increased focal point for mortgage lenders and investors, staying ahead of state and federal regulations can be the difference between a flourishing business and one mired in fines.

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/.

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