Collateral protection insurance (CPI) programs have evolved over the years—and the difference between providers has widened. Although every program now, as in the past, provides insurance to help lenders protect their interest in loan collateral, tracks insurance, pays claims, and offers online systems for staff and borrowers, there is a vast difference among how different programs and providers perform.
Leading CPI providers offer real-time, online insurance tracking, a comprehensive borrower-specific information and insurance upload site, paperless and lender-friendly claims processing, extensive service hours, and more. The result: lower risk and higher returns for you. And, accurate processing and insurance placement help protect the valuable relationships that you build with your borrowers.
And now, innovative new programs provide a full spectrum of protection that yesterday’s products didn’t provide, and are simpler to implement and manage than ever before.