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...
When speaking with lenders regarding Blanket Insurance, nearly every one of them asks me, “How do regulators view blanket insurance policies?"
Many lenders use CPI for their consumer loan portfolios, unaware of potential ramifications they may face if their programs are not administered...
Only few are familiar with alternative blanket coverage designed to protect the lender’s commercial equipment portfolio in cases of lapsed insurance...
Unitas Financial announced a new bundle of Blanket Insurance Products designed to cover the risk a lender carries in their collateralized portfolio
As lenders continue to grow, many times without adding staff, there has to be a higher level of efficiency for that formula to work.