Author: Barry Binder In today’s dynamic market, lenders need to protect their collateral more than ever. For lenders offering vehicle loans, collateral protection insurance (CPI) is a worthy consideration. Data…
Collateral Protection Insurance (CPI) is an essential component of asset protection for lenders seeking to safeguard their vehicle portfolios. HUB Financial Services CPI insurance policies are carefully designed around a…
These are common questions we receive regarding flood insurance requirements for lenders, especially in regards to Final Rule.
Written by Debra McManigle I thought I would share the following recent claim story. Depending on what carrier an institution is with, it can determine if there is a potential…
Tellers should be trained to be wary of individuals that attempt to distract them or convince them to make exceptions so that they can pass ad checks.
Whether there is insurance coverage or not, financial institutions should examine their procedures to be sure that controls are in place to avoid similar losses.
Primarily, lender-placed insurance is necessary to protect the financial interests of a lender. Should a borrower’s property be damaged or destroyed while it is uninsured, insurance coverage will not be available for repairs or rebuilding. If this happens, your financial institution would sustain a financial loss on the property.
Insurance company ratings are tools that offer insights into the potential financial stability and reliability of insurers. These ratings play a pivotal role in guiding consumers, businesses, and investors in making informed decisions about selecting insurance providers.
Written by: Brett Walburn Net Interest Margin (NIM) serves as a crucial indicator of your Asset Liability Committee’s effectiveness, showcasing a strong link between efficient ALCO processes and sustained, higher…
VSI insurance, also known as Vendor Single Interest Insurance, is a specific type of insurance that aims to protect a lender’s portfolio of vehicle loans by transferring the risk to the insurance company.