Skip to main content

Wingspan Launches New Insurance Subsidiary to Mitigate Portfolio Risks

NationalMortgageProfessional.com
Sep 13, 2011

Wingspan Portfolio Advisors has announced the introduction of Wingspan Insurance Services, a new subsidiary created to address growing concerns among servicers, investors and others over risks associated with insufficient insurance coverage in their portfolios. Wingspan Insurance Services offers a range of insurance products and services to cover portfolio needs and beyond, including: ►Collateral Protection Insurance/VSI (Vendor Single Interest) ►Lender-Placed Insurance ►Real Estate-Owned (REO) Insurance ►Gap Coverage (for both debt service and asset value gaps) ►Insurance Tracking ►Tax Service and Certificates ►Catastrophe Modeling and Risk Analysis ►Home Warranty—Mechanical and Structural Coverage ►Auto Insurance ►Alternative Risk Transfer (ART) Strategies “Servicers, investors and other stakeholders know that there are a lot of moving parts in moderating the risks they face every day,” said Steven Horne, Wingspan’s founder and chief executive officer. “By launching Wingspan Insurance Services, we are uncomplicating things for servicers and others so that important insurance concerns don’t fall between the cracks,” Horne says. “We help identify insurance problems and inadequacies in small and large portfolios and provide the services needed to minimize unwarranted exposure.” Wingspan Insurance Services is a result of strategic partnerships with several highly experienced insurance providers with extensive capabilities in financial services insurance products. The new unit is based in Richardson, Texas, near the Wingspan Portfolio Advisors headquarters, and is headed up by Managing Director Vik Jain. “Vik is a talented professional with over 25 years of domestic and international experience in the insurance industry,” said Horne. “Under his leadership, Wingspan Insurance Services has created an array of offerings that leverage the expertise of our partners and provide excellent protection for our clients.”
Published
Sep 13, 2011
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Industry News
Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Industry News
Jan 26, 2023
Housing Prices Across Texas Likely Hobbled In 2023

But you’re getting a lot less for $1 million

Industry News
Jan 23, 2023
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023
Former Employees Sue Rocket Mortgage Over OT Pay

Claim company failed to properly calculate & pay OT for working beyond 40 hours a week.

Operations
Jan 09, 2023