As third-party vendors continue to be an extension of the servicer, it’s imperative that a servicer selects a lender-placed insurance vendor that operates as a partner. There are various elements that should be considered when evaluating a lender-placed insurance partner, one of which is technology. Vendors that can effectively leverage technology can efficiently meet the changing needs and evolving regulations of the mortgage servicing industry. A vendor’s commitment to technology can ensure that servicers remain in compliance. Servicers should ask the following questions to evaluate a lender-placed insurance vendor’s commitment to investing in technology that supports the vendor’s infrastructure, IT security, and tracking system.Read More »
Home / Author Archives: Mohamed Elewa
Author Archives: Mohamed Elewa
Mohamed Elewa’s career at Proctor Financial began in 2001, when he served in the capacities of CFO and COO. Today, he serves in the role of EVP. Through his leadership,Elewa has championed for the investment of millions of dollars in state-of-the-art technology advancements to improve operational efficiencies and develop work flow solutions. Under his direction, Proctor Financial created proprietary technologies, such as the IIM (Intelligent Insurance Manager) tracking system and Proctor’s Loss Draft Module. Elewa is committed to ensuring that Proctor continues to invest in technology, infrastructure, IT security, and tracking systems that strengthen client partnerships and improve the borrower experience.