(CPI) has proven to be not only the most effective risk transfer mechanism for lenders, but also the most fair to borrowers. However, not all programs are alike.
Look beyond the rate and to the details of the program itself. Leading CPI providers offer broader coverages and greater indemnification. Innovative new programs provide a full spectrum of protection that yesterday’s products didn’t provide, innovative and affordable coverages than ever before, and are simpler to implement and manage. With the right provider, lenders can receive the lion’s share of premiums collected from borrowers as a benefit, resulting in lower losses, better earnings and ease of administration.