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Proctor Financial, Inc logo — Where partnership meets innovation.

Proctor Financial, Inc

Where partnership meets innovation.

Founded 1954 United States Troy, United States 249 employees Insurance

General Information

Company Name Proctor Financial, Inc
Founded Year 1954
Location United States Troy, United States
Employees 249
Industries Insurance
Social

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About Proctor Financial, Inc

Proctor Financial, Inc. is a leading provider of lender-placed hazard & flood insurance and hazard tracking services to the mortgage servicing community. With a legacy dating back to the 1970s, Proctor has established itself by blending comprehensive insurance programs with innovative tracking and reporting services to cater to the specific servicing requirements of various entities including mortgage servicers, community banks, credit unions, sub-servicers, distressed asset investors, and the U.S. Government. As a wholly-owned subsidiary of Brown & Brown, Inc., a NYSE company with a $4.7B market cap, Proctor is well-poised to enhance its technology and service offerings for its 1,500+ mortgage servicer clients. The company's success is attributed to its industry experience, exemplary service, and access to multiple insurance markets rated A.M. Best "A" or better. Proctor prides itself on its nimbleness and flexibility in addressing the unique servicing issues of its clients, exemplified by the recent introduction of the Investor/REO Rental Program catering to investors and property managers. Hazard tracking services remain a cornerstone of the services performed on behalf of mortgage servicers, including mail processing with OCR technology, loss draft claims management, borrower care center, and compliance services. The company also offers additional insurance offerings such as blanket hazard programs, home equity & condo blanket insurance, excess flood, mortgage impairment, and hard-to-place individual properties. The culture at Proctor Financial, Inc. can be summed up as "Value through Partnership," emphasizing the company's commitment to its clients. As a company with roots dating back to 1884, Proctor continues to evolve in the insurance industry, staying true to its slogan, "Where partnership meets innovation."

Business keywords: lender-placed insurance, hazard insurance, flood insurance, mortgage servicing, insurance tracking, bank-owned properties, REO properties, loss draft claims management, vendor management, compliance services, insurance industry

No funding data available for Proctor Financial, Inc yet.

Proctor Financial, Inc Alternatives & Competitors

View All Alternatives
Proctor Financial, Inc vs
Lee & Mason
Lee & Mason United States

Helping lenders save time, money and collateral since 1954.

107 employees
Finance, Financial Services
Proctor Financial, Inc vs
Claims Recovery Financial Services, LLC
Claims Recovery Financial Services, LLC United States

Celebrating 20 years as the industry leader in claims management and default services outsourcing an...

Private Equity
77 employees
Financial Services, Information Technology
Proctor Financial, Inc vs
VIP Software Corp.
VIP Software Corp. United States

Insurance claims expense management — Simplified.

23 employees
Insurance, Insurtech
View all alternatives

FAQ About Proctor Financial, Inc

Where partnership meets innovation.
Proctor Financial, Inc was founded in 1954.
Proctor Financial, Inc is headquartered in Troy, United States.
Proctor Financial, Inc operates in Insurance. Its work centres on lender-placed insurance, hazard insurance, flood insurance and mortgage servicing.
Proctor Financial, Inc has approximately 249 employees.
Top alternatives and competitors to Proctor Financial, Inc include Lee & Mason, Claims Recovery Financial Services, LLC, VIP Software Corp., Hatcher Insurance, myCOI. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Proctor Financial, Inc and Lee & Mason are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Proctor Financial, Inc, https://bouncewatch.com/company/proctor-financial-inc, updated 5 January 2025. When citing, please name BounceWatch and link this page.

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