Funds Control: How to become an Underwriter Survivalist

Michael C. Pecard, Escrow Manager, has been active with North American Construction Services, Inc. since 2003. He is charged with the oversight of construction escrow accounts and the management of the escrow department. He works in conjunction with Sureties and bonding agents nationwide to establish construction escrow accounts. He believes that now is the time that escrow/funds control can really flourish and be a plus in the surety world.  He establishes escrow accounts with NACS' partner banks and works with contractors directly on a daily basis processing checks and maintaining escrow accounts. 

Michael D. Williams is President of CCI Surety, Inc. (CCI), a managing general underwriting company (MGU) with significant levels of underwriting authority for several corporate surety companies, with the ability to underwrite nationwide and utilizing many different tools to approve hard-to-place, non-standard, challenged contractor accounts that include U.S. SBA Surety Bond Guarantee Program, collateral, funds control, bond backs, and third party indemnity. He is also President of North American Construction Services, Inc. (NACS), a nationwide surety and non-surety funds control/escrow company incorporated in 1991. Earlier in his career he was with The Aetna Casualty & Surety Company 1982-1989, Amwest Surety Insurance Company 1989-1991, and MGU-The Fairfield Company 1991-1998.