Over the last year, COVID-19 has forced lenders to drastically reconsider the way they operate, especially from a loan servicing and risk management perspective. Insurance tracking was already challenging before the pandemic, and when lender, agency and insurance company staffs began to work remotely in...
Dear Clients, Lee & Mason Financial Services Inc. does not use on premise Microsoft Exchange servers and is therefore not vulnerable to any 0-day exploits being used to attack certain versions of Microsoft Exchange Server. We will update you if there are further developments or any new...
LOUISVILLE, Kentucky, Mar. 12, 2021. Lee & Mason is pleased to announce that Beth Johnson was promoted to Assistant Vice President, effective February 26th. She continues reporting to Craig Vermost, Senior Vice President. This promotion reflects the countless improvements Beth has made to Lee & Mason’s...
As the COVID-19 (Coronavirus) pandemic continues to stress the economy and individual homeowners' and renters' budgets, lapses in insurance coverage can be a real danger. For lenders, having a portfolio property suffer an uninsured loss can be potentially devastating financially. With Blanket Mortgage Impairment insurance (BMI),...
Lee & Mason is pleased to announce its recent hire of Brian Talbot, who has joined the company as a Regional Vice President for the New England Market. A Boston native, Brian graduated from The College of the Holy Cross as an Economics major. Brian comes...
The average price of a new vehicle peaked at nearly $38,000 in 2020, and supply chain issues related to COVID-19 (Coronavirus) are likely to increase this cost in 2021 and beyond. This means that lenders carry more risk than ever before when it comes to...
Blanket is a word commonly mentioned within collateral protection insurance but not always correctly. Specific to a portfolio of real estate loans, a Blanket policy eliminates the need for you to monitor Hazard insurance after your team has verified it at loan origination. Even if...
As you may know, SolarWinds recently issued a security advisory related to a cyberattack that impacted their Orion Platform. Lee & Mason has never used any version of SolarWinds Orion NPM software at any of our locations so our systems are not impacted in any way...
UPDATE: December 2020 As we wrap up 2020 and look forward to 2021, Lee & Mason wanted to provide an update to our valuable customers. Just like you, our commitment remains on the health and safety of our employees and their families. While cases of COVID-19...
2020 has been a year of constant change and uncertainty. Despite COVID-19, its continued economic impact, and remote employees (both within your staff and among your customers), low interest rates continue to keep you busy with new loan and refinancing requests. Collateral protection insurance has never...