Tom Elder has joined the All Risks National Specialty Programs unit as the lead financial institutions underwriter for the new nationwide REO/Foreclosure and Lender Placed Property Insurance Program. At All Risks, he will target commercial banks, credit unions, savings and loans, mortgage banks, and financial institutions that service and/or invest in mortgage loans.
Previously, Elder worked for MetLife Bank as a regional reverse mortgage consultant. Prior to that, he owned a mortgage company for six years.
The REO/Foreclosure and Lender Placed Property Program is available nationwide on an admitted and non-admitted basis with an A.M. Best “A XIII” rated carrier. Features include simple Web site administration, monthly itemized billing for all coverages and transactions, premium earned on a daily prorated basis, special coverage and retro rating plans. All Risks offers a customized program with a variety of limits, deductibles and coverage options.
Source: All Risks,
www.allrisks.com
Topics Property
Was this article valuable?
Here are more articles you may enjoy.
Georgia Teacher Killed When Toilet Paper Prank by Students Goes Wrong 
Prices for New Cars Have Soared. Here’s One Big Reason Why 
Chubb to Serve as Lead US Insurer for Gulf Shipping Amid Iran War 
Insurify’s Founders Discuss Evolution of Insurance Shopping With AI 
