THE DETAILS

Broker Builder assists Insurance Brokerages in establishing an in house premium finance service.

Identify

Helps brokerages identify profit potential and develop business plans.

Assists

Assists in determining capital requirements and facilitates access to capital sources.

Customized

Provides access to customized quoting system.

Coordinates

Coordinates withdrawals from insured accounts.

Arranges

Arranges deposits to Brokerage PF Account.

Notices

Releases Notice of Acceptance to Insureds and Notice of Assignment to Insurers.

Monitors

Monitors insured re-payments and manages these per Brokerage instruction.

Manages

Manages mid-term policy changes which impact on finance agreement.

Reporting

Provides Accounting and Management Reports to Brokerage monthly or upon request.

Accounting

Maintains all accounting for the Brokerage’s Premium Finance account.

Advice

Provides system support and general premium finance business advice as required.

Training

Provides staff training and training materials.

What You Need to Pursue an In House Premium Finance Program?

Commercial and/or Personal lines Insureds interested in Convenient, Competitive Payment Plans.
Capital or Credit Facility equal to one third of anticipated finance volumes.
Some jurisdictionally dependent requirements may apply.

BENEFITS OF BROKER BUILDER SYSTEM

Risk Reduction

Broker Builder absorbs risk associated with Loan Portfolio Operations.

Profitable Projections

Broker Builder guarantees profitability projections from its proprietary forecasting model.

Satisfaction Guarantee

Broker Builder will buy your PF portfolio from you should you not be satisfied for any reason for up to 18 months and up to $2,000,000 of Accounts Receivables.

Industry Experience

Our extensive industry experience allows you to avoid steep learning curves and get started quickly and profitably.

Low Cost

Broker Builder’s Technology, Processes, and Portfolio volume create efficiencies which result in low administrative costs.

Separation from PF

Separation between brokerage and the premium finance service occurs which allows the brokerage to “be the good guy” if a loan goes bad preserving the insurance relationship.