van Wagenen Financial Services announces a state of the art commercial real estate insurance tracking program that rises far above anything previously available to lenders and servicers.
May 30, 2013 (Newswire.com) - van Wagenen Financial Services is pleased to announce an unrivaled update to its commercial real estate insurance tracking program that relieves lenders of the significant time and resource burden associated with managing risk on commercial property mortgage portfolios.
"Commercial lending is a key growth area for many of our existing and prospective clients," says van Wagenen Vice President of Sales, Financial Institutions; Ron Paulin. "Bringing this level of risk management capability to the table opens up substantial opportunity for them to expand or begin new programs with the resources they already have."
Understanding the inherent complexities of a commercial real estate portfolio, van Wagenen designed the program to efficiently handle insurance documentation for multiple buildings, business assets, UCCs, and other varied forms of collateral on a single loan. Convenient and simple to use web interface and robust reporting capabilities make it easy for lenders to monitor for various inadequacies including but not limited to; low value or liability, high or no deductible, missing endorsements, missing loss payee/mortgagee, missing successors and assigns language.
The comprehensive van Wagenen commercial program can easily handle multiple types of insurance documentation associated with tracking for: Commercial Business Property (CBP) including commercial structures, business assets and business interruption extra expense (BIEE) coverage; Commercial General Liability (CGL) including endorsements such as dram shop/host liquor, terrorism, mine and pollution; excess general liability, umbrella coverage, builders risk, workers compensation, boiler machinery, wind coverage/hurricane deductibles.
Information on the latest van Wagenen commercial tracking program is available in the New Products section of our news site: www.vanwagenen-news.com/commercial-tracking.html