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SWBC's LenderHub blog is a one-stop resource for lenders.


Recent Posts

The Top 5 Reasons Why Homeowners Receive Force Placed Insurance

You would be hard-pressed to find a fan of lender placed insurance. Your employees aren't fans because of the tedious workload involved in the process. Your borrower certainly isn't a fan. While it is necessary, and protects your investment and your borrower in the event of loss, placing an often expensive insurance policy can create strife between you and your borrower and add an unnecessary burden on your staff.

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Should Your Financial Institution Outsource Collections?

A pressing challenge for most financial institutions today is the steady increase in collections activity. In a press release from May 2013, Experian® reported that auto loans that were 30 days delinquent increased by 1.3% and loans that were 60 days delinquent increased 12.4% during the first quarter of 2013. Repossessions also rose 16.9% when compared to the first quarter of 2012.

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Is Outsourcing CPI a Smart Business Move?

When a CPI policy is issued, the cost of the premium is passed on to the borrower until they can provide proof that they are insured. According to the Insurance Research Council, 13.8% of motorists were uninsured as of 2009. 

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