Posts Categorized: General

Three Ways to Optimize Your 2017

1. Reallocate your internal resources. 2017 should be about making your life easier. At Lenders Risk, we can simplify and streamline your processes through our Lenders Single Interest (LSI) product, which eliminates the need for tracking of member insurance coverage, thus saving time and money for your organization. Our LSI coverage streamlines the process so… Read more »

2017 Industry Events

At Lenders Risk, we love having the opportunity to network, make new connections and learn about the latest trends and happenings in the industry. Here we highlight some of the many events happening in the first quarter of 2017 that you may be interested in attending as you work to grow and maintain relationships while… Read more »

Will Trump’s Taking Office Continue to Chip Away at the CFPB’s Authority?

Donald Trump has wasted no time looking for opportunities to create change since taking office on January 20th, and one organization likely to fall subject to this is the U.S. Consumer Financial Protection Bureau (CFPB). Industry experts and lawmakers say as scrutiny around the role and structure of the CFPB increases, so will the momentum… Read more »

How should the Consumer Financial Protection Bureau (CFPB) be managed?

Why use LSI (Lenders Single Interest)?

The presidential race certainly sparked a healthy dose of debate, controversy, discussion on national and global issues and water cooler fodder. Now that Donald Trump has been elected to lead the nation he will have a great deal of responsibility, and a recent court decision just added to that. According to a mid-October ruling issued… Read more »

Fall is the Perfect Time to Head to the (Insurance) Market

The change of season is definitely here, and it’s the perfect time to take a deep breath, recharge your batteries and renew your focus. For lending institutions, it’s an opportune time to evaluate annual goals, reassess budgets and consider your insurance planning. Additionally, you will want to have an insurance agent who diligently shops the… Read more »

Case Study – How Shopping Insurance Cut Costs by 50%

Customer Profile/Backstory: A Western Pennsylvania commercial lending institution has about $217 million in assets and specializes in small business loans. They have a niche portfolio in working with the Small Business Administration (SBA) of Pennsylvania and are one of the highest lenders of SBA-guaranteed loans. Challenge/Problem: This institution wasn’t experiencing any particular challenge at the… Read more »

Are you working with the right insurance partner?

As you soak up these last few weeks of summer sun and fun, your mind probably can’t help wandering towards the planning and budgeting you know is just around the corner. Now is the perfect time to consider what you should be looking for in an insurance provider. Having the right partnership with your insurance… Read more »

The Dangers of Force Placed Insurance

In the summer months, we see warnings about everything from pool safety to lawnmower safety to the effect of high temperatures on pets, children and the elderly. These advisories are meant to protect people, pets and property. When it comes to safeguarding your lending institution, it’s important to heed warnings about the dangers of force-placed… Read more »

Enjoy Smooth Sailing with our Marine Single Interest Insurance

A boat ride on a sunny summer day? Yes, please! Who doesn’t enjoy the breeze rifling through your hair as you lean back and listen to the water lap against the sides of the boat? You can just feel the stress melt away! While boating with friends or family can be a great time, nature… Read more »

Simplify and Streamline with LSI: Pros and Cons of CPI vs. LSI

If you conduct a Google search on “Simplifying Your Life,” how many results do you think appear? The answer is more than 8 million. From “The Simple Living Manifesto: 72 Ideas to Simplify Your Life” to “12 Secrets to Simplifying Your Life and Lightening Your Load,” there are millions of articles on how to make… Read more »