 Collateral Protection Insurance (CPI) is a program designed to protect the Financial Institution's collateral in the event your borrower does not provide proper insurance coverage, as required by your lending criteria.
The tracking system utilizes a secure, state of the art, on-line, real-time, web site to empower your staff to efficiently access, retrieve and send vital insurance tracking data.
Your Management and Administration teams can easily produce instantaneous and meaningful reports, imperative to collateral risk assessment directly from our secure web site. In addition, our premium accounting system allows you the option to add and refund premiums directly into your lending system with an electronic file, with minimal effort and faultless accuracy.
Your Financial Institution benefits from a proactive, service oriented approach of assisting your borrowers with the delivery of their insurance documentation to our service center.
With a fully staffed outbound call center, we are dedicated to making outbound calls to your borrower’s insurance agent to obtain the needed proof of insurance. With this proactive approach, we are able to dramatically reduce the number of flat cancelled policies. Tracking headaches are eliminated, so you can focus on your core business…lending money.
The tracking system development, operation & maintenance, corporate management team, phone center, policy servicing, claims processing and claim payments are all administered in one centralized location; Santa Rosa, California.
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