Many lenders use CPI for their consumer loan portfolios, unaware of potential ramifications they may face if their programs are not administered...
Privatization of any product or program creates pricing competition and more options, and flood insurance is no exception.
A lender must determine the loan to value ratio and what they could sell the collateral for in order to mitigate their loss if the loan defaults
Why is it that simple change can be so difficult to embrace? Is it often difficult for a community lender to let go of these old-school processes?
As new vehicle sales prices continue to rise, many lenders are feeling the pain in the way collateral protection premiums are calculated.
Only few are familiar with alternative blanket coverage designed to protect the lender’s commercial equipment portfolio in cases of lapsed insurance...