About Us
Who are we here at Traxler & Tong, Inc.?
Thank you for your interest in Traxler & Tong, Inc.'s insurance due-diligence services. For twenty years, Traxler & Tong has provided independent risk management consulting and services to some of the largest financial institutions in the country. Our experience enables us to offer efficient, turn-key due-diligence services to a growing group of lenders and investors who require the highest level of insurance reviews for their mortgage and real estate investment transactions. Unlike the majority of risk management firms owned or operated by insurance brokers or agencies, we are a pure consultancy, representing the interests of our clients alone. Our opinions and operations are independent of the needs of selling an insurance product, and our fees are not supplemented by hidden commissions or agreements with insurers. Thus we are driven only by our responsibilities to our clients and the needs of our clients.
Our company is rooted in the banking and financial services sector; the principal team members managing our accounts have a combined 40+ years experience in banking and insurance. Through this experience we have created the finest system of expert, beyond-the-checklist due-diligence review, while simultaneously creating efficiencies in our methods. We believe our services are superior to any offered today, and are backed by an incomparable breadth of experience and practical knowledge.
Traxler & Tong, Inc. customizes a unique database for each of our clients. These databases allow us to keep track of each customer's pipeline as well as each customer's closed loans. The databases we design allow for very quick reporting of details on loans in a customer's pipeline, as well as tracking each loan's status within that pipeline. They also provide a very organized summary of a client's past loans so they can quickly reference information on closed transactions.
Prior to closing, Traxler & Tong, Inc. issues an approval package for each loan. This approval package will contain a closure memo summarizing all coverages provided for that loan (coverage type, insurer rating, policy number, policy period, limit, and premium), confirming all required coverage specifications, and noting any exceptions lender agreed to make for said loan. The approval package will also contain the final certificates provided to Traxler & Tong, Inc. by the borrower's insurance agent and will include any invoices to be paid at closing for outstanding insurance premiums.