GULF SHORES, Ala.--(BUSINESS WIRE)--IL Group, provider of customized insurance products and services to lending institutions nationwide, announced that the New Hampshire Housing Finance Authority selected the provider to manage its insurance needs and provide REO insurance.
By selecting IL Group to provide the best insurance options, New Hampshire Housing is able to fully focus on its own mission to promote, finance and support affordable housing opportunities and related services for New Hampshire residents.
For more than two decades, IL Group has specialized in providing lender insurance products and services. Its longstanding relationships with top insurance providers along with its continuous monitoring of the insurance industry makes it an ideal partner to provide lender placed and forced placed insurance products and services and to help lenders maintain regulatory compliance. In addition, IL Group provides one of the few true "stand-alone" REO programs in the industry, completely independent of a lender-placed program. Most insurance carriers will not cover REO properties without also providing the Lender Placed Hazard and Flood programs.
“Effective partnerships enable us to fulfill our mission and to contribute to the economic and social development of our local communities,” said Dean Christon, executive director of New Hampshire Housing. “Partnering with IL Group provides great value to our business operations as we work to put REO properties back into the housing market.”
“In effectively managing the insurance selection process, we are able to provide New Hampshire Housing Finance Authority an efficient and productive business partnership,” said David Stidham, executive vice president for IL Group. “We’re pleased to work with them and look forward to supporting their insurance needs as well as the economic development of New Hampshire.”
About IL Group
Founded in 1989, IL Group provides customized lender placed products and services to lending institutions nationwide. With a keen understanding of the insurance and mortgage industries and strong commitment to providing outstanding customer service, its team of licensed agents, Certified Mortgage Bankers, Certified Mortgage Services and Certified Insurance Counselors, leverages its strong relationships with top insurance carriers to provide the right solution and insure each lender’s loan portfolio. For more information, please visit www.ILGroup.com.