PROCURATIO LENDER SOLUTIONS
RISK MANAGEMENT SOLUTIONS FOR LENDERS
PROCURATIO LENDER SOLUTIONS
Insurance Review Services
For Real Estate and SBA Lenders
Protecting Your Loans. Reducing Risk. Supporting Your Success.
Third-Party Insurance Reviews Conducted by a Licensed Risk Manager
OVERVIEW
Specialized Insurance Reviews for Lenders
Procuratio Lender Solutions specializes in providing third-party insurance reviews specifically designed for real estate and SBA lenders. These reviews are conducted by a licensed Risk Manager to ensure thoroughness and professionalism.
SCOPE OF SERVICES
What We Do
Establishing requirements
Assisting lenders in establishing insurance requirements for borrowers or reviewing existing insurance requirements.
Verifying coverage terms
Verifying that insurance limits, deductibles, and other coverage terms comply with lender requirements.
Issuing review letters
Issuing review letters that confirm whether the borrower's evidence of coverage satisfies lender requirements or outlining necessary changes for the borrower's insurance provider to achieve compliance.
Direct communication
Communicating directly with the borrower's agent or broker to address any questions or concerns regarding insurance coverage.
Service fee that is paid at closing as part of the loan fee.
BENEFITS FOR LENDERS
Why Lenders Choose Procuratio
Provides documentation suitable for regulators and auditors.
Allows lender staff to focus on core responsibilities by removing them from direct involvement in insurance matters.
Ensures that the lender's interest in collateral is adequately protected.
Helps reduce the lender's potential liability risk.
REQUIREMENTS FOR INSURANCE REVIEWS
What We Need From You
The loan agreement or a summary describing the deal and outlining the loan terms.
The borrower's Evidence of Commercial Property Insurance and Liability Insurance Certificate, along with those from the contractor if applicable.