22,631 Points

Name

Tom Elder, REO Insurance, All Risks, LTD Lender Force Placed, Wholesale Insurance

Company

All Risks Ltd -Financial Inst. Insurance Division

E-mail

Contact Tom Elder, REO Insurance, All Risks, LTD Lender Force Placed, Wholesale Insurance ( All Risks Ltd -Financial Inst. Insurance Division)

Website

http://www.allrisks.com

Office Phone

(410) 828-5810 x 3624

Cell Phone

(410) 961-0362

Fax

(410) 828-8179

Address

10150 York Road, 5th Floor, Hunt Valley, MD, 21050

Description

All Risks, Ltd is the largest independently owned wholesale insurance company in the United States.

About Us:

Tom Elder,  a trusted 12 year veteran of the mortgage industry,  is working with All Risks, LTD, a leading Mid- Atlantic insurance wholesaler,  to bring insurance agents a viable cost effective insurance solution for their institutional lending and investing client's  REO and force placed portfolio needs. Tom, functioning in the role of Lead Underwriter for Financial Institutions in the National Specialty Programs Division, works with eilte insurance agents nationwide tom meet their REO and force placed portfolio insurance needs. 

 This is a snapshot of Tom's accomplishments over the years:

• Financial Institutions Program Manager at All RIsks, LTD. 
• Lead Financial Institutions Underwriter at All Risks, LTD.
• Recognized authority figure in the financial industry.
•  Former Finance Industry Consultant and Trainer.
• Former coach and trainer of loan officers on ethical lending and sales practices. 
• Former Commercial Mortgage Specialist
• Former Reverse Mortgage Consultant with fortune 50 company.

Areas of Expertise

Foreclosure and Lender Placed Property Insurance Highlights:  

Carriers:  AM Best "A XIII"

Eligible Properties: (Occupied or Vacant): Residential dwellings, manufactured homes, commercial property, and vacant land.

Target Customers:

Retail Insurance Producers who work with: Commercial Banks, credit unions, savings and loans, mortgage banks, financial institutions and investors that service and/or invest in mortgage loans.

  Program Features:  

• Simple Website Administration - Manage account in real time with our secure online manager.
• Admitted and non-admitted products available.
• Flexible customized programs offering variety of limits, deductibles and coverage options to best fit the client's needs.
• Monthly itemized billing for all coverages and transactions.
• Premium earned on a daily prorated basis.
• Special Coverage.
• Retro Rating Plans.

  Coverage:     

  Lender Placed Hazard and Flood

• Hazard protection in the event of borrower lapse.
• Blanket coverage available to eliminate the hassle and expense of tracking individual properties.
• Real Estate Owned (REO) and foreclosed property and liability coverage available.
• Blanket 2^nd mortgage and home equity coverage.
• Additional optional coverages are available.

Submission Requirements:

• Completed Application. (put link to app here)
• Schedule of Loans.
• Schedule of Currently Uninsured Properties.
• Schedule of REO Properties.
• Premium Loss History for Current Program.

 Where to Send:

Email:  telder@allrisks.com

Fax: 410.828.8179

 Questions/Contacts:

 Toll Free: 1-800-366-5801

Tom Elder X 3624

Testimonials

First Name :   William H

URL :

Comment :   Words cant express how grateful I am for your help. You have helped us and we just wanted to thank you for

First Name :   Shirley and Jim

Comment :   I just wanted to thank you again for helping us... We will recommend you to anyone we know.

First Name :   Matt S

Comment :   Thanks for the fast and knowledgeable service....

First Name :   Ted

Comment :  A special thanks to you and your knowledgable staff for your help ...