Loan Protector Insurance Services Partners With Servicers Compliance Group
November 2, 2017
Servicers Compliance Group (SCG), an affiliate of Lenders Compliance Group (LCG), has been retained by Loan Protector Insurance Services to enhance its compliance and risk management guidance, with an emphasis on Loan Protector’s distinctive suite of insurance services.
Loan Protector’s Lender Placed & REO Insurance Programs provide comprehensive hazard, flood and liability coverage to ensure that its customers’ portfolios are protected from uninsured loss. Because Loan Protector works directly with mortgage servicers, the Cleveland, Ohio firm has made significant investments into their tracking technology and key staff members over the last 36 months. This partnership helps strengthen their commitment to managing risk and compliance for their clients.
“With all the changes that have occurred in the mortgage industry in recent years, and especially in mortgage servicing, we are excited to be retaining the foremost compliance administration firm in the country,” said Dennis Swit, Loan Protector’s CEO. “Servicers Compliance Group will enhance our already strong and dedicated compliance department. For us, a commitment to regulatory compliance is central to our mission. SCG truly understands mortgage servicing compliance and, for us specifically, is an expert in the compliance associated with the actual, critical nexus between servicing and insurance monitoring.”
SCG offers compliance solutions for those who seek value, but refuse to compromise on the quality of their compliance programs.
“Loan Protector is a premier provider of lender placed insurance and insurance tracking solutions in the country,” said Jonathan Foxx, Chairman of Lenders Compliance Group and Managing Director of Servicers Compliance Group. “What we found so impressive is that after all the investments they have made into their operations and technology; they still recognized the critical importance of a strong risk and compliance focus. This partnership should show their clients and the industry that Loan Protector does not take this lightly and is willing to make the time and financial commitment to always put compliance first. We are pleased to have been selected by Loan Protector to offer our regulatory compliance support for their diverse products and services.”
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