Mitigate Risks by Understanding Collateral Protection Policy
Reviewing your lending institution’s collateral protection policies may not be at the top of your priority list.
Reviewing your lending institution’s collateral protection policies may not be at the top of your priority list.
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
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...
Higher demand for used vehicles, along with continued new car pricing inflation, have pushed payments to their highest level on record in the used...
Lender-Placed Hazard and Flood programs are all very different and must be evaluated carefully. You could be missing out on some new developments in...