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.
[Subscribers only] Multigenerational living, where two or more adult generations live under the same roof, is becoming a growing trend in the U.S. Currently about 19% of Americans now live in a multigenerational household, the highest level since 1950. That amounts to about 60.6 million adults in 2014, up from 57 million adults in 2012. And homebuilders have taken notice, designing houses specifically catered to this segment.
Would-be homeowners are inundated with picture-perfect examples of new and remodeled homes brimming with upgrades. But in the real world, homebuilders and investors must calculate the rate of return on these sometimes fleeting trends, weighing what buyers want with what they can actually afford. This feature looks at which features buyers of different age demographics consider the most important, and what that means for sellers.
We’ve found that the handling and posting of payments during bankruptcy has been a widespread issue in our testing environment. Specifically, there is increased risk exposure in pre-and post-petition payment application and treatment, both inside and outside of the bankruptcy plan. Servicers and sub-servicers have created manual workflow workarounds to address the issue, however, it does open the servicer up to more exposure to calculation errors.