Insurance tracking companies have become big business. As a lender, have you reviewed how much insurance premium you’re charging on certain loans?...
It is very common for community lenders to acknowledge the shortcomings of insurance tracking and force placing CPI coverage on borrowers.
Many lenders use CPI for their consumer loan portfolios, unaware of potential ramifications they may face if their programs are not administered...
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.
Now that blanket protection or VSI is available, many lenders are trying to choose between CPI and VSI. Is your institution ready to simplify loan...