Let Valuation Tech Help Improve Your Collateral Valuation

Join this webinar to learn how technological advancements in valuation provide solutions to help lenders and servicers deliver more comprehensive offerings to their clients.

Talking proptech with FinLedger Director Holden Page

In this episode, Page discusses the hottest topics coming across FinLedger’s news desk. Topics include: the online banking market, what’s happening in the proptech space and recent private market deals.

With a reinvigorated CFPB, what’s next for the NYDFS?

While the CFPB is reinvigorated under the Biden administration, there’s plenty of room for it to retake a leading role and coordinate with the NYDFS.

Does your CRM hurt or help the customer experience?

In real estate, data is king. The more you leverage your own data the better off your agents or loan officers will be because they’ll be able to identify, target and create better customer experiences.

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

Will we ever see a “normal” housing market again?

The question on everyone’s minds: When will this hot housing market cool down? Arch MI investigates this and more in its Spring Housing and Mortgage Market Review.

Jun 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please