Monthly Archives: February 2016

Regulatory Landscape for 2016: Lender-Placed Insurance and What You Need to Know

Regulatory Landscape for 2016: Lender-Placed Insurance and What You Need to Know

It’s no secret that financial institutions and lenders have faced increased scrutiny and regulatory attention in recent years. A flood of allegations against institutions that may have issued lender-placed or force- placed insurance at inappropriately high rates has swept the industry. In some cases, the rate has been up to 10 times more than traditional… Read more »

Snow Worries When You Use Our LSI Blanket Insurance

Snow Worries When You Use Our LSI Blanket Insurance

If there’s one thing folks in Maryland and Washington D.C. might have been wishing for this January as they were pummeled with 30 inches of snow, it’s a snowmobile! Imagine being able to freely traverse through snow covered streets without the burden of shoveling to get to the store, the office or just to escape… Read more »

Why use Lenders Single Interest?

Why use LSI (Lenders Single Interest)?

Eliminates tracking and force placing within consumer loan portfolios (Auto, Watercraft, RV, ATV, Aircraft, Jet Ski, etc.). LSI Benefits per our clients: No more maintaining or outsourcing insurance tracking on loans. Reduces borrower irritation, no more phone calls or letters asking why their insurance has lapsed. No more force placing insurance, helps drive down delinquency… Read more »

Minimize Your Risk: Choose Blanket Insurance

why-choose-blanket-insurance

Over the past 10 years more and more financial institutions are utilizing blanket insurance programs to protect their real estate and consumer loan portfolios. To date we have over 200 clients that have made the switch from traditional CPI and Mortgage E&O programs to blanket insurance. Our clients see tremendous value in eliminating their insurance… Read more »

Cybersecurity On My Mind

cybersecurityon-my-mind

Cybersecurity is always on the minds of financial institutions and lenders. They’re responsible for protecting the personal data of thousands of borrowers. Recently, financial institutions in the midwest alerted a security firm about a possible credit card breach involving the Ohio-based restaurant chain Wendy’s. Wendy’s has hired a cybersecurity firm and is conducting an investigation…. Read more »