Awards and Honors, Business, Free News Articles

Simplifile VPs Nancy Alley, Vicki DiPasquale Recognized in MPA’s 2018 Hot 100

PROVO, Utah -- Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that Simplifile Vice President of Strategic Planning Nancy Alley and Vice President of Sales Vicki DiPasquale were named to Mortgage Professional America (MPA) magazine's 2018 Hot 100. The honor, now in its sixth year, recognizes "100 movers and shakers who are heating things up in the mortgage world."

"We commend Nancy and Vicki for this well-deserved recognition," said Simplifile President Paul Clifford. "Both Nancy and Vicki have been instrumental in not just the overall growth and success of Simplifile, but also in the push to build out the final infrastructure necessary to achieve widespread industry access to e-mortgage capabilities."

"Recognitions like these are always an unexpected honor to receive," Alley said. "I'm proud of the strides Simplifile has made to help make the digital mortgage a reality, and to have played a role in those efforts is extremely gratifying."

"I've been privileged enough to have observed the real estate transaction from just about every angle, and we've never been closer to taking the full transaction digital than we are now," DiPasquale said. "I've been blessed to work with such an innovative company as Simplifile for almost a decade and am tremendously honored to have my efforts on behalf of the company and the industry recognized in such a public forum."

To view the full list, visit https://www.mpamag.com/contents/e-magazine.aspx?id=91568.

About Simplifile

Simplifile, the nation's largest e-recording network, was founded in 2000 to connect settlement agents and county recorders via its e-recording service. Today Simplifile has broadened its services to include collaboration tools and post-closing visibility for mortgage lenders and settlement agents working together on real estate documents. Through Simplifile, users can securely record, share, and track documents, data, and fees with ease.

To learn more, visit https://simplifile.com or call 800.460.5657.

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Awards and Honors, Business, Free News Articles

The Cooksey Team Founder Michael Cooksey Recognized by Mortgage Professional America in 2018 Hot 100

ADDISON, Texas -- The Cooksey Team, a top producing retail branch of Mid America Mortgage, Inc., announced today its founder Michael Cooksey has been honored by housing industry trade magazine Mortgage Professional America (MPA) on its 2018 Hot 100 list. Michael Cooksey was one of 100 mortgage industry professionals selected by MPA magazine for the 2018 Hot 100. He was recognized for his role as founder of The Cooksey Team, one of Mid America Mortgage's most successful branches, and his commitment to mentoring and developing the next generation of exemplary professionals in the mortgage community.

"Michael Cooksey is a shining example of excellence in lending entrepreneurship and branch management," said Mid America Owner and CEO Jeff Bode. "He excels at transferring to branch staff his enthusiasm for lending and the skills he has developed over his 16 year career. As a result, The Cooksey Team enjoys an exceptionally positive and productive branch culture that was ranked among the 'Best Places to Work' by the Dallas Business Journal in 2017. We commend Michael on this well-deserved recognition."

In five years, Michael Cooksey increased his branch's footprint in the Dallas-Fort Worth metroplex and opened a branch in the Los Angeles area - expanding The Cooksey Team's presence beyond Texas.

"Mid America has empowered me to build my branch, and in turn, I strive to empower my staff to achieve their maximum pontential," Michael Cooksey said. "To be counted among the top of my industry peers for that very reason is truly an honor."

MPA's Hot 100 is in its sixth year and includes representatives from every sector of the housing industry. Winners are selected by the MPA editorial staff based on their acheivements over the past 12-month period. To view the full list, visit https://www.mpamag.com/contents/e-magazine.aspx?id=91568.

About The Cooksey Team:
Headquartered in Dallas, The Cooksey Team is a top performing retail branch of Texas-based lender Mid America Mortgage and has offices located throughout the North Texas and Los Angeles County areas.

With 16 years in the industry and nearly $1 billion in funded loans over the last five years with Mid America, Cooksey Team Founder Michael Cooksey brings the experience and knowledge needed to lead a successful mortgage transaction. Utilizing The CORE Training methodology, Michael has coached his own staff, as well as loan officers, brokers and real estate agents across the country, to become top producers. The Cooksey Team loan officers average six closings per month and $250,000 in annual income. In addition, the branch has increased its annual origination volume by nearly 50 percent year-over-year and is projected to achieve $350 million in volume in 2018. For more information on The Cooksey Team, visit http://cookseyteam.com.

About Mid America Mortgage, Inc.:
Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close, the Official Mortgage Provider of NASCAR(r), is Mid America's ultra-secure, digital mortgage approval and closing process that delivers an eight-minute application process, getting home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://clicknclose.com.

Mid America is looking for tech-savvy, service-oriented mortgage professionals to join its growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit http://www.midamericacareer.com/.

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Awards and Honors, Business, Free News Articles

Mid America Mortgage CEO Jeff Bode Recognized by MPA in ‘2018 Hot 100’

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today that owner and CEO Jeff Bode has been honored by Mortgage Professional America (MPA) magazine in publication's sixth annual Hot 100 list of mortgage industry professionals who have made a notable impact over the past year.

Under Bode's leadership, Mid America Mortgage has built a reputation for innovation and efficiency as one of the mortgage industry's foremost adopters of eMortgage technology and digital mortgage processes. Most recently, Mid America introduced Click n' Close, a digital mortgage approval and closing platform that provides home buyers with a fast, simple and secure experience by automating many of the steps of a traditional mortgage process. To launch their proprietary e-mortgage POS, Click and Close has become the "Official Mortgage Provider of NASCAR(r)" and will be featured as a primary sponsor of the No. 43 car driven by Darrell "Bubba" Wallace Jr. for at least three races, making its debut at the 2018 Daytona 500 on February 18.

Other significant accomplishments achieved under Bode's leadership include the adoption of eClosings and eNotes by Mid America's retail lending channels, the establishment of eCorrespondent to purchase eClosed loans with eNotes, and a partnership with Spectrum Mortgage Holdings to provide eWarehouse lines for its eCorrespondent division.

"I believe that adhering to two main principles has led to the success of Mid America," said Bode. "Foremost, I remain squarely focused on the long view. For me, that 'long view' is dedication to engaging in good, safe, sound lending practices at a reasonable margin and making strategic investments to achieve sustainable growth. Equally as important to our success has been the top quality talent that we have cultivated throughout Mid America. My attitude has always been to hire smart and empower your talent to succeed."

The 2018 Hot 100 list includes professionals from every sector of the mortgage economy. Winners are selected by MPA magazine editors from nominations submitted by mortgage industry professionals. Honorees represent the 100 most influential "power players who are making their mark on the industry" today. To view the full list, visit https://www.mpamag.com/contents/e-magazine.aspx?id=91568.

About Mid America Mortgage, Inc.:
Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close, the Official Mortgage Provider of NASCAR(r), is Mid America's ultra-secure, digital mortgage approval and closing process that delivers an eight-minute application process, getting home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://clicknclose.com.

Mid America is looking for tech-savvy, service-oriented mortgage professionals to join its growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit http://www.midamericacareer.com/.

Twitter: @midamericamtge

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Awards and Honors, Business, Free News Articles

TRK Connection CTO Randy Abbey Named to MPA’s 2018 Hot 100

SALT LAKE CITY, Utah -- TRK Connection (TRK), a leading provider of mortgage quality control and origination management solutions, announced today that Chief Technology Officer Randy Abbey has been named to Mortgage Professional America (MPA) magazine's 2018 Hot 100. He was recognized for contributing unique technology-based innovations in mortgage quality control (QC) and risk management.

Abbey is the primary architect of TRK's flagship mortgage quality control (QC) audit platform Insight Risk & Defect Management (RDM), which was launched in 2015. Leveraging his nearly two decades of SaaS, cloud security and diverse solution development expertise, Randy has built the mortgage industry's first cloud-based QC audit platform that marries ease of use with advanced functionality and unmatched flexibility, allowing mortgage QC departments to mold the system around their current processes.

"As a relative newcomer to the mortgage industry, I believe that I was able to assess the issues surrounding QC audit technology and develop Insight RDM from a fresh perspective," Abbey said. "I find it personally gratifying to solve the QC problems facing lenders by building them an audit platform that delivers true, lender-driven functionality, with an intuitive interface, that is configurable to any existing QC process, and operable on all browsers and mobile devices."

"The level of sophistication Insight RDM brings to the defect remediation process simply would not be possible without Randy's involvement," said TRK CEO Teri Sundh. "Thanks to Randy's vision and technical expertise, TRK is developing the industry's leading suite of tools, which has resulted in lenders and leading third-party compliance and review firms to increasingly make the switch to Insight to power their pre-funding, post-funding and servicing QC reviews."

To view the full list, visit https://www.mpamag.com/contents/e-magazine.aspx?id=91568.

About TRK Connection:
Founded in 2013, TRK Connection prides itself on its ability to develop technologies that allow businesses to surpass their organizational needs and meet their business objectives. As an innovator in the mortgage origination and quality assurance space, TRK continues to develop and refine solutions geared to promote and strengthen the loan origination process, pre/post-close loan audits and the defect remediation process.

Currently, TRK offers solutions that support Mortgage Audit & Quality Control (Insight Risk & Defect Management(TM)), Loan Origination Vendor Management (Core Connect(TM)), Complete LOS Connectivity Platforms and more. For more information, visit http://trkconnection.com.

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Awards and Honors, Business, Free News Articles

Cloudvirga’s Kyle Kamrooz Named to MPA Hot 100 List of Top Mortgage Industry Innovators

IRVINE, Calif. -- Cloudvirga(TM), developer of intelligent mortgage point-of-sale (POS) platforms, today announced that its Co-founder and Chief Strategy Officer Kyle Kamrooz has been named to Mortgage Professional America (MPA) magazine's annual Hot 100 list of the leaders and visionaries making the biggest impact on America's mortgage industry. Kamrooz was recognized for spearheading Cloudvirga's transformative contributions to reducing mortgage back-office costs through digital mortgage technology.

Published each February and now in its sixth year, the MPA Hot 100 recognizes mortgage professionals whose vision, innovation and achievements are shaping the landscape of the mortgage industry. Recipients of the award are nominated by their peers and are widely regarded as major power players within their professional community.

Since co-founding Cloudvirga in 2016, Kamrooz has led the company through two capital raises totaling over $27 million and launched its next-gen POS products in nine of the top 40 non-bank mortgage lenders.

This is the third time in recent weeks that top mortgage industry publications have recognized Kamrooz for his breakthrough contributions to advancing mortgage efficiency. Kamrooz was recently named among HousingWire's 2017 Vanguard Award winners as well as one of National Mortgage Professional (NMP) magazine's 40 most influential mortgage professionals under 40.

"It's a privilege to be recognized among such a distinguished group of mortgage professionals," said Kamrooz. "2017 was a great year for Cloudvirga and our customers, and we continue to tackle the massive problem of mortgage cost and inefficiency."

For a full rundown of 2018 MPA Hot 100 winners, visit https://www.mpamag.com/contents/e-magazine.aspx?id=91568.

About Cloudvirga(TM):

Cloudvirga's intelligent mortgage point-of-sale (POS) platforms uniquely combine a world-class borrower experience with a truly digital lender platform that radically cuts overall loan costs, increases transparency and reduces the time to close a loan. Founded by top fintech veterans with a track record of building successful mortgage technologies, Cloudvirga's initial customer roster includes nine of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $27 million from some of the country's top lenders and venture capital firms. For more information, visit http://www.cloudvirga.com/ or follow Cloudvirga on LinkedIn.

About Mortgage Professional America:

Mortgage Professional America (MPA) is the mortgage and finance industry's most trusted source of news, opinion and analysis. MPA keeps mortgage and finance professionals up-to-date with breaking news, cutting-edge opinion and expert analysis of the trends affecting individual mortgage businesses and the industry as a whole.

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Awards and Honors, Business, Free News Articles

Mortgage Professional America Names Matic Co-Founder Ben Madick to Its Hot 100 List of Industry Visionaries

SHERMAN OAKS, Calif. -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today that company co-founder and COO Benjamin Madick has been named one of Mortgage Professional America (MPA) magazine's "Hot 100." Madick was recognized for his career-long contributions to the mortgage industry and for establishing the strategic partnerships that have fueled Matic's rapid growth.

Now in its sixth year, the "Hot 100" list is published by MPA each February. The honor recognizes 100 mortgage professionals who are shaping the landscape of the mortgage industry through their vision and innovation.

This is just one of several recent accolades for Madick, who was also named a 2017 HousingWire Vanguard Award winner and one of National Mortgage Professional magazine's 40 most influential mortgage professionals under 40.

Matic is the first company to help lenders and servicers integrate homeowner's insurance into the mortgage process. By leveraging borrower and property data from mortgage loan origination systems (LOS) and self-service digital mortgage platforms, Matic automates the process of shopping for homeowner's insurance and delivers bindable quotes in as little as 1-2 minutes. Under Madick's leadership, Matic has delivered more than 300,000 homeowner's insurance quotes in the last year alone.

"It's an honor to be recognized as one of MPA's Hot 100, particularly given this year's field of winners, which reads as a 'who's who' of mortgage industry influencers," said Madick. "Matic's success is a testament to the passion our entire team. We're not just revolutionizing the way consumers shop for homeowner's insurance; we're filling a gap in today's digital mortgage process to reduce closing times and eliminate fallout risk."

For a full rundown of 2018 MPA Hot 100 winners, visit https://www.mpamag.com/contents/e-magazine.aspx?id=91568.

About Matic:
Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match. For more information, visit http://matic.com or follow Matic on LinkedIn.

About Mortgage Professional America:
Mortgage Professional America (MPA) is the mortgage and finance industry's most trusted source of news, opinion and analysis. MPA keeps mortgage and finance professionals up-to-date with breaking news, cutting-edge opinion and expert analysis of the trends affecting individual mortgage businesses and the industry as a whole.

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Awards and Honors, Business, Free News Articles

FormFree’s Brent Chandler Named Among Mortgage Professional America’s Hot 100

ATHENS, Ga. -- FormFree(R) today announced that company founder and CEO Brent Chandler has been recognized by Mortgage Professional America (MPA) magazine in its annual Hot 100 list of mortgage professionals whose contributions are shaping America's home finance future. Chandler was recognized as the creator of AccountChek(R) - the mortgage industry's first automated asset verification tool - and for advancing innovative approaches to income and employment verification using asset data and augmented intelligence (AI).

2018 marks the sixth year that MPA has recognized mortgage industry trailblazers in its Hot 100 list, which is published each February. Hot 100 honorees are peer-nominated and recognized as leaders within the mortgage community.

In the past twelve months, Chandler has also received awards from other prominent industry publications, including MBA Insights' 2017 Tech All-Star Award and HousingWire magazine's 2017 HW Vanguard Award. FormFree was named to HousingWire's HW TECH100(TM) for the fourth consecutive year in 2017.

Chandler is a widely recognized innovator in mortgage and financial services technologies whose guidance has been instrumental to FormFree's staggering growth over the last few years. Since Fannie Mae designated FormFree as an official vendor for asset verification as part of the Day 1 Certainty(TM) initiative in 2016, FormFree has signed over 800 new lender customers and verified more than 1.25 million Asset Reports.

"FormFree's success would not be possible without our outstanding team of professionals dedicated to providing the most secure, accurate and complete asset verification service in home finance," said Chandler. "I couldn't be prouder of FormFree's achievements. To be recognized among the esteemed list of professionals named in the Hot 100 is truly an honor."

For a full rundown of 2018 MPA Hot 100 winners, visit https://www.mpamag.com/contents/e-magazine.aspx?id=91568.

About FormFree(R):

FormFree is a fintech company whose market-leading AccountChek(R) Asset Reports are used by lenders nationwide to verify borrower assets, employment and income in minutes. To date, more than 1,000 U.S. lenders have ordered over 1.25 million AccountChek Asset Reports, delighting their customers with a paperless experience and reducing origination timelines by up to 20 days. FormFree offers automated analysis and standardized delivery to lenders and their investors using a secure ReIssueKey(TM). A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Athens, Georgia. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

About Mortgage Professional America:

Mortgage Professional America (MPA) is the mortgage and finance industry's most trusted source of news, opinion and analysis. MPA keeps mortgage and finance professionals up-to-date with breaking news, cutting-edge opinion and expert analysis of the trends affecting individual mortgage businesses and the industry as a whole.

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Awards and Honors, Business, Free News Articles

ReverseVision Vice President of Sales and Marketing Wendy Peel Included in MPA’s 2018 Hot 100

SAN DIEGO, Calif. -- ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, announced today that Vice President of Sales and Marketing Wendy Peel has been named to Mortgage Professional America (MPA) magazine's Hot 100 list. Peel was selected for her influential role in bringing HECM loans into the mortgage mainstream as part of a Generational Lending approach to serving borrower needs across the consumer lifecycle.

Now in its sixth year, MPA's annual Hot 100 list recognizes the professionals who are making the most impactful contributions to the mortgage industry today. The release of MPA's 2018 Hot 100 list coincides with ReverseVision's third annual RV UserCon, which kicked off yesterday at San Diego's Kona Kai Resort. ReverseVision expects a 35 percent increase in attendance over last year's sell-out conference.

"Wendy's innovative marketing efforts have boosted industry-wide engagement in HECM origination and made a long-lasting and positive impact on the mortgage industry as a whole," said ReverseVision President John Button. "I can think of no person better deserving of this recognition."

Peel also received recognition from HousingWire as a 2017 Woman of Influence and was named an Elite Woman in Mortgage by MPA in 2016.

Lenders, wholesalers, brokers and investors are increasingly turning their attention to HECM origination. In fact, ReverseVision signed more than 800 new lenders and brokers to its flagship RV Exchange (RVX) loan origination system in 2017 alone. In response to the influx of traditional lenders into the HECM industry, ReverseVision has dedicated an entire track of programming at UserCon 2018 to educating those who have recently entered the HECM market or are considering doing so.

For a full rundown of 2018 MPA Hot 100 winners, visit https://www.mpamag.com/contents/e-magazine.aspx?id=91568.

About ReverseVision:
ReverseVision, Inc. is the leading provider of technology and training for Home Equity Conversion Mortgage (HECM) origination. With nearly 10,000 active users, ReverseVision technology is used by 10 of the top-ten reverse mortgage lenders and supports more HECM transactions than all other systems combined. The company's comprehensive product suite also includes HECM sales and education tools and a dedicated professional services team. ReverseVision partners with some of the finest and fastest-growing banks, credit unions and lending organizations in the United States to provide its HECM technology to brokers, correspondents, lenders and investors.

A 2017 HousingWire TECH100(TM) company, ReverseVision has also been recognized in Deloitte's Technology Fast 500(TM) listing. ReverseVision's annual user conference, the only event of its kind in the industry, brings together more than 200 lenders, vendors and educators each year to advance HECM lending. The company continues to build on its technology's pioneering capabilities with frequent enhancements aimed at boosting users' HECM volume, workflow efficiency and data analysis capabilities.

For more information, visit https://www.reversevision.com.

About Mortgage Professional America:
Mortgage Professional America (MPA) is the mortgage and finance industry's most trusted source of news, opinion and analysis. MPA keeps mortgage and finance professionals up-to-date with breaking news, cutting-edge opinion and expert analysis of the trends affecting individual mortgage businesses and the industry as a whole.

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Free News Articles, Government, Legal and Law

Michigan Veterans File Opposition to Asbestos Bill

LANSING, Mich. -- Michigan's top Mesothelioma legal expert on behalf of hundreds of Michigan Veterans with asbestos disease, Goldberg, Persky & White P.C., today issued the following statement and alert in response to passage of HB 5456, the so-called "Asbestos Bankruptcy Transparency Act," out of the Michigan House of Representatives Republican controlled "Competitiveness" committee on a straight party line vote.

The bill, better entitled "delay 'til they die plan," would shield corporations from being held accountable for deadly asbestos-related diseases like Mesothelioma and delay justice for victims:

The asbestos industry's ongoing nationwide campaign to avoid accountability to those they harmed has reared its ugly head in Michigan. This bill would impose burdens on asbestos victims, including active and retired service members, the civil justice system, asbestos bankruptcy trusts, and taxpayers. It would force victims and their families to jump through several expensive and time-consuming hoops before being allowed to move forward with a claim in state court.

Those suffering from mesothelioma, on average, have 12 to 18 months to live. Asbestos victims do not have extra time or money to spare. Unfortunately, the asbestos industry is seeking to take advantage of this fact. Their goal: To delay and deny until victims die.

Michigan ranks 12th nationally for mesothelioma and asbestos deaths, and 40 percent of asbestos victims in the state are veterans. Hundreds of asbestos exposed Veterans in Saginaw, Detroit, Muskegon, Escanaba, Lansing, Grand Rapids, Alpena, Port Huron and other industrial cities will be disproportionally put at risk. Veterans were extensively exposed to asbestos products not only during military service but in their civilian work at Michigan's automobile plants, steel mills, paper mills and in construction trades.

It is wrong to give asbestos companies new ways to stonewall their victims, especially those that served their country. This injustice is magnified by the fact that this legislation is unnecessary in Michigan as state law already requires transparency. Asbestos victims must provide asbestos defendants with copies of all claim forms six months before trial, and juries are already compelled to assign responsibility to bankrupt defendants under existing Michigan Law.

Asbestos victims deserve justice. It is unconscionable that Michigan lawmakers would pass legislation to allow the same out-of-state corporations and their front groups who hid the dangers of asbestos for decades and caused hundreds of thousands of deaths to avoid accountability. Once again our elected representatives should be fighting for asbestos victims and their families - not those who harmed them.

We urge all Michigan veterans to immediately call their state senator and representative and urge them to oppose HB 5456.

Learn more at:
https://www.gpwlaw-mi.com/mesotheliomalawfirm
https://www.gpwlaw-mi.com/

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Free News Articles, Home and Garden, Insurance, Real Estate

Will Victims of Irma Also Be Subject to Insurance Policy Renewal Surcharges?

BRADENTON, Fla. -- Nearly 500,000 residential property owners across the State of Florida have already incurred substantial out-of-pocket expenses due Irma losses because of high hurricane claim deductibles, according to Consumer Insurance Trust LLC (ClaimForward.com). The standard hurricane deductible across most insurers is usually 2 percent of the dwelling value.

Some of these same consumers will also be subject to a likely unexpected policy surcharge due their Hurricane Irma claim at their next policy renewal.

As consumers who have been subject to steadily rising insurance premiums are aware, authorized property insurance companies in Florida are required to annually submit their premium changes to the Department of Financial Services for approval. In addition to those likely premium increases post Irma, some insurers already have built into their existing pricing structure an automatic surcharge for specified claims, including hurricane claims.

"Florida insurance consumers need to know that Florida Statute does not protect them from hurricane claim surcharges and our review indicates approximately 15 percent of insurers have established surcharges," commented Joseph DiMartino, Ph.D., CEO of Consumer Insurance Trust LLC, and a former President/CEO in the insurance industry. Hurricane claim surcharges range from approximately 2 to 7 percent of policy premium.

Homeowner policy premium increases approved by the Department of Financial Services during the nine months preceding Irma averaged 6.6 percent. But those consumers also impacted by a hurricane claim surcharge, which averages 5.3 percent, will be subject to a total premium increase of approximately 12 percent.

Florida insurance consumers who want to determine if their policy renewal will be subject to a hurricane claim surcharge can visit http://www.claimforward.com/.

Claim Forward is a free service that identifies how each insurer surcharges and underwrites for claims by sorting through hundreds of thousands of pages of insurance company regulatory filings required by the State of Florida.

This information is analyzed relative to each user submitted inquiry to provide:
- an estimate of the expected claim surcharge,
- a determination if the insurer offers claim "forgiveness",
- a comparison to other insurance company surcharges,
- and an assessment of non-renewal risk and personalized service offerings.

ClaimForward.com provides consumers a necessary resource in assessing the financial impact associated with their decision to file not only a hurricane claim, but any home, auto, condo or motorcycle claim.

Claim Forward is the only automated tool empowering consumers to make better financial decisions in the event of a personal property/casualty insurance loss.

Interested consumers can easily complete an inquiry in five simple steps at: http://www.claimforward.com/.

About Consumer Insurance Trust LLC:

Consumer Insurance Trust LLC, a company dedicated to building consumer trust in insurance through improved transparency and service, was founded by Joseph DiMartino, Ph.D., a former insurance industry executive. Dr. DiMartino held the position of President and/or CEO of three insurance groups over his career that spans nearly twenty years of professional experience in financial services. Consumer Insurance Trust develops tools and services, like Claim Forward, to provide consumers practical knowledge about their insurance to enable better financial decisions.

For more information, please visit Claim Forward at http://www.claimforward.com/.

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