Loan Protector Insurance Services selects Servicers Compliance Group for its Compliance Support
Servicers Compliance Group, the nationwide risk management firm, has been selected by Loan Protector Insurance Services to enhance their overall compliance strategy
By: Servicers Compliance Group
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.
Dennis Swit, Loan Protector's CEO, stated, "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. 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."
Servicers Compliance Group (SCG) offers compliance solutions for those who seek value, but refuse to compromise on the quality of their compliance programs. The firm's approach to compliance brings an emphasis focused on operational assessment and improvement, benchmarking methodologies, Best Practices, legal and regulatory compliance, and all applicable areas of mortgage risk management. It is hands-on, collaborative and interactive. For many clients, SCG provides a complete compliance program that includes risk assessments, as well as program development, implementation, and administration. For other clients, it supplements internal resources to find, address and provide Best Practices to specific regulatory compliance issues. In either case, SCG serves as an objective and independent evaluator of current and proposed mortgage servicing procedures, to identify potential problems, and, when necessary, to suggest alternatives.
Jonathan Foxx, Chairman of Lenders Compliance Group and Managing Director of Servicers Compliance Group, observed that, "Loan Protector is a premier provider of lender placed insurance and insurance tracking solutions in the country. 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."
About: Servicers Compliance Group
Servicers Compliance Group is an affiliate of Lenders Compliance Group, the first full-service, mortgage risk management firm in the country that specializes exclusively in outsourced or augmented mortgage compliance. It offers a full suite of regulatory compliance services in mortgage banking. Servicers Compliance Group provides guidance, audits, due diligence reviews, and examination preparation, for transactional matters involving residential mortgage servicing. The firm assists clients with proactive and remedial efforts to enhance servicing compliance policies, procedures, practices and internal controls, including risk assessments and preparation and review of policies and procedures. Lenders Compliance Group and its affiliates constitute a national compliance organization that is widely known to be a pioneer in outsourcing and auditing solutions for residential mortgage compliance.
For more information, contact Servicers Compliance Group at 866.602.6660
or visit www.servicerscompliancegroup.com.
About: Loan Protector Insurance Services
Loan Protector specializes in comprehensive lender placed and insurance tracking programs on residential, commercial and reverse mortgage portfolios. As an industry leader for nearly 40 years, Loan Protector provides an exceptional borrower experience while protecting its clients in a continually changing regulatory environment. Loan Protector is headquartered in Cleveland, Ohio and services clients throughout the United States.
For more information contact Loan Protector Insurance Services at 877.369.5121
Or visit www.loanprotector.com
Servicers Compliance Group