Consumer Loan Services - Miniter Group
Find information for bankers interested in protecting their consumer loan portfolio against risk, using force-placed insurance, blanket insurance, or vendor single interest insurance.
force placed mortgage hazard insurance, force placed flood insurance, blanket mortgage insurance, residential 1-4 mortgage insurance, HELOC mortgage insurance, collateral protection insurance, CPI, vendor single interest insurance, VSI, vehicle skip tracing
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Consumer Loan Services

Customized Protection for Your Vehicle and HELOC Loan Portfolios

 

Transferring collateral risk cost-effectively from consumer loan portfolios involves completely different techniques than those used with real estate portfolios.  Alternative approaches are required because of the low frequency of loss historically observed in the HELOC Portfolios versus the extremely high frequency of loss seen in the Vehicle Portfolios.  In addition, the vehicle portfolio loss profile has exhibited palpable changes in the last 15 years, which has dramatically altered the preferred methods of transferring vehicle collateral risk.  This change in risk profile has lead the re-emergence of Vendor Single Interest (blanket) insurance.  For more information, please download our White Paper titled “The Changing Landscape of Vehicle Portfolio Insurance.”

 

Miniter has collected consumer loan data on tens of millions of loans over the last 21 years.  This data guides both Miniter and our insurance carriers as we design consumer loan portfolio programs for both today and into the future.

 

Miniter will use this data to demonstrate the most cost-effective risk transfer solutions using blanket insurance to transfer your HELOC collateral risk.  In addition, we will show you how to use blanket insurance products to reduce your net charge-offs and improve your vehicle portfolio yield.

Cars Parked in Lot

We offer a handy array of options to help you protect your auto loan portfolio, including Blanket Vendor Single Interest Insurance (VSI), Guaranteed Auto Protection (GAP), and even an in-house Skip Tracing department.

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We recommend blanketing hazard insurance for your HELOC portfolio, however HELOCs in SFHA flood zones must still use force-placed insurance.  Learn how we combined these two insurance policies into a cost-effective solution.

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