In Brief: Mortgage Clients Offered Home Insurance

LAKE SUCCESS, N.Y. - Astoria Financial Corp. is offering homeowner insurance to its mortgage customers.

"It creates a one-stop shop where the customer can get a competitive homeowners insurance bid from us," said Brian Edwards, first vice president of marketing at the $22.9 billion-asset thrift company. "Early indications are that customers are willing to have this product. It simplifies the home buying process and it builds trust between us and them." Astoria Financial offers policies from about 25 insurance providers.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER