Incenter Insurance Solutions Announces Lender Insurance Services, Bringing More Efficiency to the Commercial Lending Process | Company
FORT WASHINGTON, Pa.–(BUSINESS WIRE)–August 8, 2022–
Incenter Insurance Solutions, part of the Incenter family of companies, today announced its lender insurance services.
These innovative programs are designed to give lenders a competitive edge in the commercial and investor markets through two distinct offerings: 1) reviews of existing insurance real estate investment portfolios, and 2) specialized insurance products for opportunities at short term, such as fixed solutions and reversals. .
“Our lender insurance services not only enable our clients to secure compliant insurance coverage for all investment properties; they help them do it efficiently while adding value. This is what sets us apart in the market,” said Royce Yeager, Director of Lender Insurance Services, Incenter Insurance Solutions.
With Portfolio Review Services, agents ensure that adequate insurance coverage is in place for each asset, whether the properties are all in one region or scattered across the United States.
Acting as consultants, they seek to determine whether existing policies are free of issues that could delay closing or reduce the sellability of a portfolio, as consistently accepting insufficient coverage can lead to undue exposure. to losses and potentially violate the covenants of lending investors. The work product includes written reports for loan files confirming that all requirements have been met.
If the team identifies issues, they are available to work directly with borrowers and their third-party agents, allowing staff to stay focused on lending. If borrowers/investors are unable to produce acceptable insurance, Incenter Insurance Solutions can provide a quick and accurate quote as required.
Incenter Insurance Solutions’ short-term insurance program offers lenders a full range of specialty policies for temporary rentals, bridging and construction loans, and fixed and reverse projects. Since many agencies disagree with the additional service required to bind and cancel these term policies, Incenter Insurance Solutions helps fill a gap in the market.
Additionally, Incenter Insurance Solutions is able to provide quotes for each loan file well in advance of closing without any identifiable borrower information, using only the property address and information on any planned renovations or construction.
Incenter Insurance Solutions is fully licensed and insured to underwrite policies in all 50 states. To learn more, visit https://incenterinsurance.com/ or contact Mr. Yeager at [email protected]
About Incenter Insurance Solutions
Incenter Insurance Solutions provides insurance services and solutions that help customers obtain coverage while advancing their personal or business goals. The company’s flexibility and partnerships with dozens of carriers allow them to design bespoke solutions with creative precision. For more information, visit incenterinsurance.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220802005007/en/
CONTACT: Kimberly Brown
p: 678.829.9075 e:[email protected]
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES RESIDENTIAL BUILDING AND PROPERTY INSURANCE COMMERCIAL BUILDING AND REAL ESTATE CONSTRUCTION AND REAL ESTATE BANKING
SOURCE: Inking Center
Copyright BusinessWire 2022.
PUBLISHED: 08/08/2022 09:00/DISC: 08/08/2022 09:02
Copyright BusinessWire 2022.