Vehicle Insurance Tracking
Fully outsourced insurance tracking. We continually
monitor your loans for your borrower's compliance to the
physical damage insurance requirements set by you. Optional
custom letter cycles with your letterhead in color. Secure
Internet access to individual borrower data and management
reports aids you in your collateral risk management. Automated
insurer EDI of your borrower's insurance data. Specific &
dedicated customer service representatives assigned to your
account. Extended hours of customer service operation including
Saturdays. Proactive calls to agents before borrower letter
cycle begins.
Vehicle Collateral Protection Insurance
The broadest coverage in the market today ensures you will
receive the best outcome when your borrower fails to provide
their own coverage. Lender coverage's include, Automatic coverage,
Actual Cash Waiver endorsement, Breech of Warranty, Excessive
Deductible coverage, 50/50 Option and more. Automated debit/credit
of premiums and payment rescheduling.
Vehicle Lenders Single Interest Blanket Insurance
Eliminates the need to track your loans for insurance
compliance. Per loan or monthly outstanding portfolio balance
premiums. Variable deductibles enable premium appropriate
for your institution and risk.
Real Estate Insurance Tracking
Fully outsourced insurance tracking. We continually
monitor your loans for your borrower's compliance to the
hazard insurance requirements set by you. Custom letter cycles
with your letterhead in color. Secure Internet access to
individual borrower data and management reports aids you
in your collateral risk management. Automated insurer EDI
of your borrower's insurance data. Specific & dedicated customer
service representatives assigned to your account. Extended
hours of customer service operation including Saturdays.
Proactive calls to agents before borrower letter cycle begins.
Real Estate Forced Placed Insurance
The broadest coverage in the market today ensures
you will receive the best outcome when your borrower fails
to provide their own coverage. Limits up to $5,000,000.00.
Even higher limits available on individual properties with
underwriting.
Real Estate Blanket Insurance
Eliminates the need to track your loans for insurance
compliance. Per loan or monthly outstanding portfolio balance
premiums. Variable deductibles enable premium appropriate
for your institution and risk.
UCC-1 Equipment Blanket Insurance
Eliminates the need to track your loans for insurance
compliance. Per loan or monthly outstanding portfolio balance
premiums. Variable deductibles enable premium appropriate
for your institution and risk.
Collateral Risk Management
We work with you to design a custom blend of appropriate
insurance products to achieve a balance of risk, cost and
coverage's.
Insurance Tracking Software
Powerful yet simple to use software for your in-house
insurance tacking needs.
SFHA Determinations
Online or fax, Life of Loan or Basic flood zone determinations
keep your financial institution in compliance with federal
flood requirements.
Flood Insurance Tracking
Fully outsourced insurance tracking. We continually
monitor your loans for your borrower's compliance to the
flood insurance requirements set by the federal government.
Letter cycles with your letterhead in color comply with federal
regulations. Secure Internet access to individual borrower
data and management reports aids you in your collateral risk
management. Automated insurer EDI of your borrower's insurance
data. Specific & dedicated customer service representatives
assigned to your account. Extended hours of customer service
operation including Saturdays. Proactive calls to agents
before borrower letter cycle begins.
Flood Insurance
Forced placed when your borrower fails to provide the required
flood coverage or Write Your Own Coverage's.
Tax Service
Provides real estate tax information to mortgage
related institutions throughout the United States. We offer
Internet based online systems and data delivery solutions
which are available for all processes including: automated
escrow reporting and payment systems and delinquency data
processing.
Gap Insurance
Pays the difference between the borrower's insurance
company settlement of ACV (actual cash value) and the loan
balance on a total loss claim. GAP is a valuable coverage
for your borrower, a revenue source for your institution
and a key coverage for your loans minimizing charge offs
due to an uncollectible GAP.
Mechanical Breakdown Insurance
An excellent product for your borrowers with income
to your institution. MBI pays for repairs to your borrower's
vehicle when a mechanical or electrical part fails or breaks,
with exceptions for wear and tear, and maintenance items.
Terms and mileage available to fit most drivers needs.
Accidental Death & Dismemberment
Accidental Death & Dismemberment (AD&D) insurance
is a direct-mail program providing $2,000 worth of coverage
at no cost to the borrower. Coverage is available to all
members 18 years and older, with the option of selecting
additional coverage up to $250,000. Among the many benefits
of this plan are: 24-hour coverage for accidents anywhere
in the world, on or off the job - on business - on vacation
- at home, Common Carrier - Double Indemnity, Hospital Confinement,
Anti-Inflation, Spouse Education, Child Care Assistance,
No age limits on Handicapped Dependents, Seat Belt - 50%
additional coverage, Higher Education, Continuation Clause,
Waiver of Premium.
Term Life Insurance
Term Life has become a valuable alternative for your
borrowers. The need for life insurance is generally greater
when the borrower is raising a family. Unfortunately, this
is also the time when most often the borrower has less spendable
income to provide the amount of coverage needed. Group term
life can provide that protection at affordable rates.
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