CPI premiums are exorbitant, and their coverage is poor. Force-placed policies can cost as much as 20% of the loan balance, causing even more...
The CFPB agency has identified several unfair acts or practices related to Lender-Placed Collateral Protection Insurance in their Summer 2021 report.
The increasing trend of DIY insurance solutions could mean a greater possibility that borrowers become uninsured at some stage during the repayment...
A credit union executive recently shared the thought that “those expensive force-placed premiums just don’t feel right.” What are the other options?
With the rate environment coupled with the low supply of homes for sale, community lenders now should prepare for the rush of home equity loan...
With more data and analytics available than ever, lenders can tailor their approach to become more efficient and results-focused in their...