Your loan portfolio can be your biggest liability. With a loan portfolio of any size, verifying and tracking insurance can be burdensome. That’s where collateral protection insurance (CPI) can help reduce your financial institution’s portfolio risk.

The Hybrid CPI program takes a different approach to force placement by lessening the term to 30 days and allowing for other ease of administration features.

The Flat Annual program is similar to the Hybrid as it allows for an expected flat dollar amount to be added for each force-placement regardless of collateral or balance. It also allows for the extended window of time to collect insurance and limits the need of multiple transactions.

Blanket insurance is designed to cover losses to your portfolio, but requires repossession or foreclosure. This type of program does not require portfolio tracking.

This program is a combination of the traditional tracked program and the blanket insurance that can allow for the best of both worlds.

This program allows for you to force insurance on those properties or vehicles without tracking. Letters and insurance would be administered from within your Institution and used only when needed.

A secondary layer of insurance may be needed in the event one of the primary insurance policies does not respond. Impairment policies are designed to protect the lender from losses to its mortgage interest as well as losses due to errors and omissions.

REO insurance would be for any lender needing to place a temporary policy on property that is owned by the Lending Institution until the disposal of the property.