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 and charge offs as much as 20%.
- Significant manpower saved.
- No more chasing down false alarms (Ex. The borrower switched insurance providers but didn’t notify the lender).
- Only monthly reporting is the number of loans originated, no additional borrower information reported (Submitted via online LSI Platform).
Apply Online (link to http://lendersrisk.com/index.php/apply-online/lenders-single-interest-lsivsi/)