IL Group Teams with Kistler Financial Group to Help Financial Institutions Manage Loans in Need of Insurance Tracking [Manufacturing Close – Up]

Proquest LLC

IL Group, provider of customized insurance products and services to lending institutions nationwide, announced that it has partnered with Atlanta-based Kistler Financial Insurance Group, Inc. to provide IL Group's financial institution customers with access to Kistler's "Online Lender Management System" and "Tracking Services" solutions.

According to a release, through Kistler's "Online Lender Management System," IL Group's community bank and credit union customers are now able to report a loan that lacks lender-placed coverage, have required notices issued and then issue an appropriate policy. Kistler's system streamlines operations for IL Group's customers by enabling the management of residential, commercial, automotive, marine, RV and other loans through a single user interface screen - effectively centralizing management of an institution's entire exposure. Once a policy is in place, IL Group's customers can utilize Kistler's "Tracking Services" to manage the creation and distribution of all required mail documents, including policies, renewal notices, bills, cancellation notices, etc.

"For more than 60 years, we have remained committed to helping lenders protect against collateral losses on a variety of assets," said Mike Chapman, president of Kistler. "By partnering with IL Group, we're able to help even more institutions manage their lender- placed insurance needs, and we look forward to a mutually beneficial relationship."

"IL Group exists to provide our customers with the best resources available to more efficiently and profitably manage their loan portfolio exposure," said David Stidham, executive vice president of IL Group. "We are pleased to partner with Kistler Financial Group, who shares our commitment to service and to delivering solutions that best meet the unique insurance needs of our customers."

More information:

http://www.ILGroup.com