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Loan Protector Hosts User Conference

Loan Protector Insurance Services, a provider of lender-placed insurance programs for lenders and mortgage servicers, recently hosted its 2006 Annual User Conference in Las Vegas, attracting a record number of attendees and providing a focus on important issues in the aftermath of Hurricane Katrina.

"I found the Loan Protector User Conference to be a high-value proposition. It gave me the opportunity to learn more about the efficiencies offered by their family of products and make suggestions for future enhancements," said Julie Goodman, managing director at LaSalle Bank, in a news release. "I was also able to network, discuss best practices and participate in educational discussions."

During the two-day conference, key industry initiatives were discussed, and new enhancements to products and services were previewed. In addition to Loan Protector president Ron Wiser's opening keynote address, clients attended user sessions and presentations given by the company's staff. The educational breakout sessions, designed as interactive roundtable discussions, provided an open forum for attendees to discuss lender-placed insurance, outsourcing, current industry trends, and Loan Protector's full line of products and services.

"One of our users' primary concerns was the effects of Hurricane Katrina as it relates to wind and flood insurance. Borrowers in some coastal states may be paying prices for insurance that are now more costly than lender-placed insurance. It is apparent to us that insurance companies are limiting the amount of insurance they offer in many high-risk coastal and wind-exposed areas. This is a very important issue for our clients and we are working hard to get lender-placed insurance carriers to be responsive to our clients' needs in this area," Mr. Wiser said.

"This year's conference was the best thus far in terms of user participation and valuable product information," said John Williamson, vice president, mortgage servicing at Johnson Bank. "It is a great opportunity to connect face-to-face with key Loan Protector leaders and I look forward to many years of a continued, successful business relationship."

"The Loan Protector Annual User Conference was designed as an additional means of fostering and maintaining a solid understanding between our clients and our company. We want to ensure that we are building positive working relationships with our clients and that we provide them with technology and service solutions that will help them run their businesses more efficiently," Mr. Wiser said.

"Our overall goals with this type of client-focused gathering are to closely interact with our users, provide them with information about our company and solicit valuable input that will help us to continue to enhance and improve our offerings."

Loan Protector is an independent outsourcer of customized mortgage insurance tracking and verification programs, designed to fit each lender's requirements. Loan Protector offers a complete line of insurance tracking products, including hazard, flood, wind and liability insurance tracking for residential and commercial mortgage servicers.

Using its state-of-the-art proprietary software, EasyTrack, Loan Protector helps loan servicers manager their insurance, escrow and verification processes in a secure, online environment. (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com

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