In the 1970s, Proctor Financial Inc. pioneered the concept of lender-placed insurance. Today PFI partners with over 1,500 mortgage servicers, banks, credit unions, investors and property managers on a national basis. PFI is a wholly-owned subsidiary of Brown & Brown, Inc. (NYSE: BRO). Among the top 10 insurance intermediaries in the world, Brown & Brown continues to invest in PFI’s technology, people and infrastructure to enhance the client and borrower experience.
Valentine Dickerson announced her retirement after over 40 years of service to the mortgage industry. A highly respected leader, Dickerson has served at Proctor Financial since 1996, where she has embodied Proctor Financial’s mission of unwavering integrity, dedication to excellence, commitment to service, superior performance, and high value execution in the mortgage servicing industry.
Eight years after we began recognizing women for their influential work in the expanding housing and mortgage finance ecosystem, a traditionally male-dominated field, our Women of Influence list is bigger and better than ever! This year, we honor 85 women who are making lasting achievements in each sector of the housing economy. Read on to learn more about these accomplished women and the strides they are making in their industry segments.
The financial world at large is experimenting with changing its workforce culture in ways not fathomable 10 years ago. For example, in 2011, the dress code for female workers at UBS came to light with unflattering results. In it, the Swiss bank instructed female employees on not just how to dress and how to smell, but also preached the importance for ladies to apply lotion after taking showers. Fast forward to today and fellow Swiss bank, Credit Suisse has now created an official role to boost equal opportunities and create a fair treatment environment. Has the American mortgage industry made similar progress?
The conversation around student loan debt and its economic impact on Millennials, those born from 1980 to 1998, has some questioning whether the future of the American Dream is in jeopardy. The nation’s student loan debt has soared to $1.4 trillion, surpassing credit cards in becoming the largest source of personal debt outside a mortgage.