Regulations can be confusing. There are mountains of inquiries and revisions to the revisions. We summarize a response to the top four questions we...
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.
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.