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Reverse Lender Will Use Loan Protector.(Seattle Mortgage Co., Loan Protector Insurance Services)

Mortgage Servicing News

| July 01, 2006 | COPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

CLEVELAND -- Loan Protector Insurance Services, a leading independent provider of customizable lender-placed insurance programs for lenders and mortgage servicers, said that Seattle Mortgage Co., a division of the Seattle Financial Group, has selected EasyTrack to track insurance information in its reverse mortgage portfolio.

"Loan Protector was selected to service the insurance tracking needs of Seattle Mortgage Co.'s reverse mortgage portfolio because of the years of experience they have in this unique industry," said Ken North, president and CEO of Seattle Savings Bank, which runs Seattle Mortgage, in a news release. "Loan Protector offers a program that provides a hands-on approach in dealing with our reverse mortgage customers, which is very important to our customer support department."

EasyTrack collects the latest insurance information on loans in portfolios, provides detailed information on noncompliant borrowers and is able to place insurance, if necessary, to help lenders protect their collateral. Used in an outsourced environment, EasyTrack removes the need for manual processing of insurance mail from a lender's operations.

The application provides document imaging, offers real-time, online access to the images as well as advanced reporting capabilities.

Seattle Mortgage has specialized in reverse mortgages for more than 11 years and is the third largest originator and ...

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Source: HighBeam Research, Reverse Lender Will Use Loan Protector.(Seattle Mortgage Co., Loan...

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