Miniter Blog
Miniter Group’s blog posts discuss collateral risk transfer for our lender’s portfolios. These blog posts provide insight and challenge the status quo of all that we do at Miniter Group. We look to improve our lenders’ and borrowers’ experiences every day. These blogs will highlight these improvements.
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Challenging the Force-Placed Insurance Business Model: Break-Even Analysis
IntroductionThis blog post will be the 6th and final post for this series on Challenging the Force-Placed Insurance (FPI) Business Model. We have covered the early history of FPI, discussed how money center banks created a fee income FPI product, how Dodd-Frank...
Part 5: Challenging the Force-Placed Insurance Business Model: Flood Insurance
The history of Force-Placed Insurance would not be complete without including the force-placed flood insurance turmoil that occurred after the 2012 passage of the Biggert-Waters Act. The mandatory escrow requirements had a negative effect on the legacy force-placed insurance business model.
Part 4: Challenging the Force-Placed Insurance Business Model – The Regulatory Clean Up
IntroductionIn part 3, we discussed how money center banks created a force-placed insurance fee income source using captive insurance companies owned by the lenders. In this segment, we will discuss how regulators and class-action attorneys put force-placed insurance...
Part 3 – Challenging the Force-Placed Insurance Business Model: Pre-Dodd-Frank Fee Income
To understand why the words “force-placed insurance” appear in the Dodd-Frank Law 331 times, we have to look back on how the money-center banks got involved in the force-placed insurance premium money train.
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Part 2 – Challenging the Force-Placed Insurance Business Model: Early History
Part II in the blog series “Challenging The Force-Placed Insurance Business Model: Early History”. This post will discuss the early history going back to when insurance trackers received overnight packages containing X-checking data files. We discuss the history up to the passage of the Dodd-Frank Act.
Part I – Let’s Challenge the Force-Placed Insurance Business Model
This blog post starts Miniter Group’s blog series that will challenge the Force-Placed Insurance business model. The History of Force-Placed Insurance including the fee income era, Dodd-Frank reform, on-going compliance issues, and a new proposed business model will be covered in this series.
Miniter Group’s Complete Guide to VSI Insurance
Take a deep dive into VSI insurance from the eyes of a 20 year veteran who has underwritten VSI for some of the largest indirect vehicle lenders in the country. Vender Single Interest Insurance history, how it works, proper underwriting and benefits to the lender will be covered in great detail. Are you considering VSI Insurance? If so, this is a must read!
Miniter Group’s Complete Guide to Mortgage Impairment Insurance
Mortgage Impairment Insurance is a critical component of a lender’s collateral risk transfer strategy. Mortgage Impairment not only covers uninsured physical damage, but it provides errors & omissions coverage for loan servicing that is required by secondary markets. This guide will provide the insight that a lender needs to understand mortgage impairment insurance.
Miniter Group’s Complete Guide to Force-Placed Insurance
This guide provides the lender with a detailed overview of Force-Placed Insurance. Discussions include features & benefits, history of force-placed insurance, the lender-placed insurance policy, issues with the current force-placed insurance business model and the new Borrower-Centric insurance tracking module along with compliance and vendor management. This is a must-read for any lender using force-placed insurance.
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