Lending Firm Unit Launches Insurance Agency
Countrywide Insurance Group has formed a new company, DirectNet Insurance Agency, Inc., to help mortgage originators and other financial organizations provide broader insurance services to their customers. DirectNet offers a range of insurance products and services backed by the expertise of knowledgeable agents through a broad range of top-rated insurance carriers. Through DirectNet, which can be found online, banks, savings and loans and other financial service providers will gain access to insurance information, quotes, and insurance professionals quickly and efficiently, Countrywide says.
``We established DirectNet specifically to help financial professionals deliver highly competitive value-added services and finalize their transactions promptly,'' said Steve Phillips, executive vice president of Countrywide Insurance Group. ``Business partners can help their clients obtain the coverage they need with the assurance of multiple carrier choices and the highest customer service standards through our dedicated team of service representatives.''
Insurance coverage is often a requirement to finalize a financial transaction. DirectNet partners with mortgage bankers and brokers, savings and loans, Realtors, banks and escrow agents to deliver essential insurance products to their customers. The company cites the following DirectNet benefits:
• Assistance in closing deals. DirectNet is designed to remove barriers frequently associated with business transactions, easing the completion of deals for professionals and their clients.
• Appropriate control of their business transactions. Business partners can give clients access to the insurance services they need without worrying about third-party influence.
• All the coverage clients need. Flood, earthquake insurance and home warranty in addition to automobile and homeowners coverage are available.
• Efficiency. With 24 hour a day, seven day a week information access, online quotes and response (24 hours or less for all inquiries), business partners can focus their attention on their primary business lines and customer service.
Countrywide Insurance Group is based in Simi Valley, California and is a sister company of Countrywide Home Loans, Inc., a national leader in residential finance. Both are subsidiaries of Countrywide Credit Industries, Inc.