Jim Gilpin
By Jim Gilpin
on May 21, 2024
Vendor Single Interest (VSI) Insurance is a specialized insurance product designed to protect lenders' financial interests in collateralized loans.
Emily Carr
By Emily Carr
on May 01, 2024
Force-placed insurance, also known as lender-placed insurance, is a critical aspect of risk management for lenders. However, navigating the regulatory landscape surrounding force-placed insurance can ...
Emily Carr
By Emily Carr
on April 26, 2024
Blanket Lender Single Interest (LSI) Insurance is a specialized insurance product designed to protect lenders' interests in collateralized loans.
Emily Carr
By Emily Carr
on March 27, 2024
Portfolio lenders, including banks, credit unions, and mortgage companies, manage a diverse range of loans secured by collateral that almost always require insurance coverage.
Emily Carr
By Emily Carr
on March 18, 2024
Elevate your understanding of Mortgage Impairment Insurance with insights from our upcoming webinar hosted by Chris Riley, Chief Strategy Officer at HUB Financial Services.
Emily Carr
By Emily Carr
on March 13, 2024
Lending institutions often tell us how time consuming it is to track the insurance policies related to their loan portfolios.
Emily Carr
By Emily Carr
on March 06, 2024
Are you curious about Mortgage Impairment Insurance and its role within the collateral protection stack? Join us for an engaging webinar hosted by Chris Riley, Chief Strategy Officer at HUB Financial ...
Emily Carr
By Emily Carr
on February 28, 2024
The Consumer Financial Protection Bureau (CFPB) plays a crucial role in regulating financial institutions and ensuring consumer protection. When it comes to Lender-Placed Insurance (LPI), the CFPB ...
Emily Carr
By Emily Carr
on February 28, 2024
On behalf of Miniter Group, I would like to invite you to an interactive and informative session designed exclusively for lending professionals.
Emily Carr
By Emily Carr
on February 14, 2024
The Real Estate Settlement Procedures Act (RESPA) is a federal law designed to protect consumers and promote transparency in the real estate settlement process. One area where RESPA plays a ...
Emily Carr
By Emily Carr
on February 07, 2024
Join us on Feb 29th at 2pm EST as Miniter Group presents another complimentary webinar. We’ll be focusing on 2024 Industry Trends in this Q&A-style session. I’ve outlined these 30-minutes to ...
Emily Carr
By Emily Carr
on January 24, 2024
Lender Placed Insurance (LPI), also known as Force-Placed Insurance, has undergone significant transformations in recent years. This specialized insurance serves as a safety net for lenders, ...
Emily Carr
By Emily Carr
on January 18, 2024
Please join Miniter Group on January 25th for an enlightening hour-long webinar titled "Insurable Value: Building a Solid Foundation," hosted by Emily Carr-Stephens, Holly Walton, and Jen Van Horn.
Emily Carr
By Emily Carr
on January 17, 2024
Floods are among the most common and devastating natural disasters, causing extensive property damage and financial loss.
Emily Carr
By Emily Carr
on January 10, 2024
Lender Placed Insurance (LPI), also known as Force-Placed Insurance, is a crucial component of risk management for lenders.
Emily Carr
By Emily Carr
on January 08, 2024
Miniter Group is kicking off 2024 with our first complimentary webinar titled "Insurable Value: Building a Solid Foundation," featuring hosts Emily Carr-Stephens, Holly Walton, and Jen Van Horn.
Jim Gilpin
By Jim Gilpin
on December 20, 2023
As we look toward 2024, Miniter Group is proud to be the leading provider of Borrower-Centric Insurance Tracking solutions for lenders. Between navigating the complexities of regulations, to ...
Emily Carr
By Emily Carr
on December 06, 2023
Navigating the regulatory landscape in the lending industry is no small feat, especially when it comes to lender-placed insurance. The Consumer Financial Protection Bureau (CFPB) plays a vital role ...
Emily Carr
By Emily Carr
on November 29, 2023
In the intricate landscape of lending, where regulation and compliance are of the utmost importance, flood insurance compliance stands as a crucial pillar of protection for lenders.
Emily Carr
By Emily Carr
on November 24, 2023
The importance of flood insurance cannot be overstated. Homeowners and lenders alike know flood damage can lead to notable financial losses without proper insurance.
Emily Carr
By Emily Carr
on November 08, 2023
Lender Placed Insurance (LPI) is also known as force-placed insurance, and it’s a critical component of risk management for lenders.
Emily Carr
By Emily Carr
on November 02, 2023
Miniter Group invites you to join our upcoming 30-minute webinar, "The Do's and Don'ts of Flood Compliance: Tips for Success" where we will share our data-backed knowledge for maintaining flood ...
Jim Gilpin
By Jim Gilpin
on October 25, 2023
Unexpected events like accidents, theft, or natural disasters pose significant financial burdens on a borrower, negatively impacting a lenders’ ability to continue receiving loan payments. Vendor ...
Jim Gilpin
By Jim Gilpin
on October 18, 2023
Collateral Protection Insurance (CPI) is an essential component of asset protection for lenders seeking to safeguard their vehicle portfolios.
Jim Gilpin
By Jim Gilpin
on September 27, 2023
Vendor Single Interest (VSI) insurance safeguards lenders against potential losses in their vehicle portfolios. This strategic solution offers many benefits but requires careful tracking management ...
Emily Carr
By Emily Carr
on September 20, 2023
As a lender, managing risk is an integral part of your business. In certain situations, lenders need to implement force-placed insurance to protect their interests. These process is highly regulated ...
Jim Gilpin
By Jim Gilpin
on September 13, 2023
In today's dynamic market, lenders need to protect their collateral more than ever. For lenders offering vehicle loans, CPI Insurance is a worthy consideration as inflation continues and recession ...
Emily Carr
By Emily Carr
on September 01, 2023
Join us September 14th at 2pm EST as Miniter Group presents another complimentary webinar. We’ll be focusing on Flood Compliance in this Q&A-style session. I’ve outlined these 30-minutes to ...
Jim Gilpin
By Jim Gilpin
on August 25, 2023
Miniter Group and our Compliance Officer, Emily Carr-Stephens, would like to invite you to an interactive and informative session, designed exclusively for lending professionals. Joining us from HUB ...
Emily Carr
By Emily Carr
on August 24, 2023
In the complex world of force-placed insurance compliance, my job is to find the “needle in the haystack” and answer your most difficult, detailed questions.
Jim Gilpin
By Jim Gilpin
on August 23, 2023
As lenders navigate the landscape of collateral protection, one valuable insurance option that provides comprehensive coverage is VSI Insurance.
Jim Gilpin
By Jim Gilpin
on August 16, 2023
Navigating the compliance requirements set forth by the Consumer Financial Protection Bureau (CFPB) is crucial for lenders when it comes to lender-placed insurance.
Emily Carr
By Emily Carr
on July 25, 2023
In the complex world of flood insurance compliance, my job is to find the “needle in the haystack” and answer your most difficult, detailed questions.
Jim Gilpin
By Jim Gilpin
on July 19, 2023
GAP contracts are often financed through dealerships. These debt cancellation insurance policies protect the borrower and lender from losing money in the event of a total loss.
Emily Carr
By Emily Carr
on July 05, 2023
As Miniter Group’s Compliance Officer, I was able to attend the 2023 National Flood Conference in Washington D.C. last month.
Emily Carr
By Emily Carr
on June 30, 2023
The 2023 National Flood Conference took place earlier this month in Washington D.C. and I had the pleasure of attending. While there, I learned of NFIP congressional updates to the flood regulations.
Jim Gilpin
By Jim Gilpin
on June 28, 2023
Vehicle insurance tracking solutions are uniquely designed to help lenders recover payouts from insurance companies more frequently.
Jim Gilpin
By Jim Gilpin
on June 07, 2023
Vendor Single Insurance, also known as VSI Insurance, is designed for lenders who desire to transfer the risk of default on their vehicle originations.
Jim Gilpin
By Jim Gilpin
on May 31, 2023
Flood & RESPA Guidelines are relevant to all mortgage lenders. Insuring residential portfolios requires a combination of lender-placed insurance, blanket insurance for HELOCS and Condominiums as ...
Emily Carr
By Emily Carr
on May 12, 2023
You know that implementing force-placed insurance, also referred to as lender-placed insurance, includes a multitude of regulations that require you to take itemized steps to stay compliant.
Jim Gilpin
By Jim Gilpin
on May 04, 2023
Collateral Protection Insurance is a fantastic tool in any lender's portfolio. While it comes with a host of regulations, it’s our job to ensure you are compliant and reduce any risk associated with ...
Jim Gilpin
By Jim Gilpin
on April 21, 2023
If you’re seeking a vendor who knows what they’re doing when it comes to VSI (Vendor Single Insurance), we look forward to answering any questions you may have.
Jim Gilpin
By Jim Gilpin
on March 09, 2023
If improving the profitability of your auto loan portfolio is a goal, you’re in the right place.
By Keith Marvel
on February 06, 2023
The continuation of a revitalized home equity lending sector is attributed to many factors, including reduction in disposable income, rising credit card balances, and inflation. HELOC growth is ...
Jim Gilpin
By Jim Gilpin
on January 25, 2023
If insurance tracking leaves your team feeling overwhelmed, you aren’t alone.
By Keith Marvel
on January 11, 2023
Learn about a proven risk transfer insurance product that provides broader borrower eligibility to confidently grow your HELOC and unsecured home improvement loan portfolios in a rising rate ...
By Ray Reed
on January 05, 2023
We are often asked “What is mortgage impairment insurance and why do we need it?” In this article, we’ll explain the what and why of this specific type of insurance.
Emily Carr
By Emily Carr
on December 27, 2022
A new FHA Private Flood Insurance Rule has been announced and we are explaining the significance and details here for you.
Emily Carr
By Emily Carr
on December 08, 2022
We know you have questions when it comes to CFPB Force-Placed Insurance. Let’s start at the beginning: What is it?
Emily Carr
By Emily Carr
on November 23, 2022
You’re here because you may have heard that insurance tracking fees can be part of RESPA settlement services, or you may possibly already be utilizing this strategy. So, is it allowed? The short ...
By Keith Marvel
on November 05, 2022
In this article, you will learn about a proven risk transfer insurance product that provides broader borrower eligibility. This enables you to confidently grow your HELOC and unsecured home ...
Emily Carr
By Emily Carr
on October 10, 2022
2022 has been a big year for flood insurance regulation, all thanks to the release of the Interagency Flood Q&As.
Emily Carr
By Emily Carr
on October 03, 2022
As technology becomes even more prevalent in the financial services industry, cyber-security incidents and data breaches are bound to occur.
Emily Carr
By Emily Carr
on September 26, 2022
Commercial flood insurance helps to protect invested parties (business owners, lenders, etc.) from the costs of flood water damage. It covers both a building and its contents.
Emily Carr
By Emily Carr
on September 08, 2022
Chances are, if you are a lender or insurance tracking provider, you have heard of the Real Estate Settlement Procedures Act (RESPA). RESPA was signed into law in December 1974 with the intent to ...
Jim Gilpin
By Jim Gilpin
on September 08, 2022
Hub International Strengthens Lender Placed Insurance Capabilities For Financial Institutions With Acquisition Of The Assets Of Miniter Group In Massachusetts
Jim Gilpin
By Jim Gilpin
on September 01, 2022
This blog explains why and how Miniter Group merged with HUB International's Financial Services Division. I must disclose first that Julianne and I have been married for 25 years and have two ...
Emily Carr
By Emily Carr
on August 19, 2022
Here at Miniter Group, we are no strangers to the ever-changing force placed insurance regulations. As a matter of fact, we find joy in diving deep into the latest regulatory updates that affect our ...
Emily Carr
By Emily Carr
on May 03, 2022
Don’t let your bank fall into the hazards of Flood Compliance 2.0 Updated October 25, 2022 On April 1st, 2022, FEMA implemented Phase II of their new rating system, Risk Rating 2.0. The National ...
Jim Gilpin
By Jim Gilpin
on March 01, 2022
Lenders need to know these ways to help their customers with the flood insurance map Since Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012, lenders and borrowers have ...
Jim Gilpin
By Jim Gilpin
on February 23, 2022
Updated October 19, 2022 Starting in '73, here's an overview of the joint agencies' rulemaking regarding federal flood insurance regulations Introduction‌ ‌ Many‌ ‌loan‌ ‌servicers‌ ‌have‌ ‌spent‌ ...
Jim Gilpin
By Jim Gilpin
on December 15, 2021
Updated September 8, 2022 Introduction Force-Placed Flood Insurance is regulated by the Joint Regulatory Agencies. The Joint Agencies consist of the FDIC, Federal Reserve, OCC, NCUA, and FCA. These ...
Jim Gilpin
By Jim Gilpin
on December 13, 2021
Here at Miniter Group we believe it is important for clients to experience the culture of our company through a tour of the headquarters.
Jim Gilpin
By Jim Gilpin
on April 09, 2021
ROCKLAND, Mass., April 9, 2021 /PRNewswire-PRWeb/ — The Miniter Group Q2, 2021 Newsletter Issue offers valuable information on Risk & Compliance, Force-Placed Insurance & COVID-19 and ...
Jim Gilpin
By Jim Gilpin
on March 26, 2021
ROCKLAND, Mass., March 26, 2021 /PRNewswire-PRWeb/ — This white paper takes a deep dive into the redesigning process of the way NFIP policies are rated. It describes how the new rating system, called ...
Jim Gilpin
By Jim Gilpin
on February 02, 2021
NORWELL, Mass., Feb. 2, 2021 /PRNewswire/ — Miniter Group today publishes informative industry material in their second quarterly e-newsletter. Jim Gilpin, EVP & COO of Miniter Group, comments ...
Jim Gilpin
By Jim Gilpin
on January 15, 2021
NORWELL, Mass., Jan. 15, 2021 /PRNewswire/ –Miniter Group’s upcoming webinar will examine the significant compliance issues since the CFPB began updating RESPA. The panel will discuss these issues in ...
Jim Gilpin
By Jim Gilpin
on December 02, 2020
NORWELL, Mass., Dec. 2, 2020 /PRNewswire/ — Miniter Group today announced their Christmas fundraiser for Rockland Holiday Magic. Miniter Group continues its tradition of donating toys to the ...
Jim Gilpin
By Jim Gilpin
on November 24, 2020
NORWELL, Mass., Nov. 24, 2020 /PRNewswire/ — Miniter Group today announced the launch of their quarterly newsletter as a platform to communicate relevant industry information with their existing ...
Jim Gilpin
By Jim Gilpin
on October 13, 2020
NORWELL, Mass., Oct. 13, 2020 /PRNewswire/ — Miniter Group today announces an October webinar to cover flood risk and regulation. The webinar will provide a detailed compliance refresher for loan ...
Jim Gilpin
By Jim Gilpin
on August 04, 2020
NORWELL, Mass., Aug. 4, 2020 /PRNewswire/ — Miniter Group today announces Donald Marthey has accepted a new role as the Vice President of Business Strategy and Tracking Operations. Don will oversee ...
Jim Gilpin
By Jim Gilpin
on June 22, 2020
Introduction This blog post will be the 6th and final post for this series on Challenging the Force-Placed Insurance (FPI) Business Model. We have covered the early history of FPI, discussed how ...
Jim Gilpin
By Jim Gilpin
on May 09, 2020
Updated: September 22, 2022 Introduction The history of Force-Placed Insurance would not be complete without including the force-placed flood insurance turmoil that occurred after the 2012 passage of ...
Jim Gilpin
By Jim Gilpin
on February 11, 2020
Introduction In part 3, we discussed how money center banks created a force-placed insurance fee income source using captive insurance companies owned by the lenders. In this segment, we will discuss ...
Jim Gilpin
By Jim Gilpin
on January 07, 2020
Introduction To understand why the words “force-placed insurance” appear in the Dodd-Frank Law 331 times, we have to look back on how the money-center banks partnered with the force-placed insurance ...
Jim Gilpin
By Jim Gilpin
on January 01, 2020
What Is Force-Placed Insurance? Force-placed insurance is commonly used by most lenders to transfer property risk associated with Commercial, Residential, or Vehicle loans. Force-placed insurance has ...
Jim Gilpin
By Jim Gilpin
on December 02, 2019
Introduction “Challenging the Force-Placed Insurance Business Model” will take the next two blogs to review the history of Force-Placed Insurance. These blogs will be a deep dive into our past. In ...
Jim Gilpin
By Jim Gilpin
on November 20, 2019
Introduction We’ll get the group off to a fast start by challenging the force-placed insurance business model. I’ll get us started by giving an overview of the legacy business model that has been in ...
Jim Gilpin
By Jim Gilpin
on October 01, 2019
Introduction to Mortgage Impairment Insurance Collateral and Operational risks can be catastrophic risks that are unpredictable. These include collateral being destroyed by a fire or flood, as well ...
Jim Gilpin
By Jim Gilpin
on October 01, 2019
What is VSI Insurance? VSI Insurance is an insurance program for lenders that transfers collateral risk from their vehicle portfolios. VSI insurance premium is collected as part of the loan ...
Jim Gilpin
By Jim Gilpin
on July 16, 2019
How to comply with CFPB lender-placed insurance regulation Updated August 23, 2022 On January 17, 2013, the Consumer Financial Protection Bureau (CFPB) released the changes to CFR Part 1024 Real ...
Jim Gilpin
By Jim Gilpin
on June 01, 2019
Introduction to GAP Claims Processing Indirect lenders across the country are required to finance the price of their dealer’s GAP contracts and provide the associated GAP Claim Processing. These ...
Jim Gilpin
By Jim Gilpin
on June 01, 2019
Introduction During the due diligence process of evaluating risk transfer alternatives for your vehicle portfolio, all lenders must answer the question of whether to manage physical damage risk or ...
Jim Gilpin
By Jim Gilpin
on May 11, 2019
Introduction Regulators have raised their scrutiny of critical vendor relationships involving sensitive data. The current FDIC Compliance Examination Manual has 104 items listed for review to ...
Jim Gilpin
By Jim Gilpin
on May 10, 2019
Introduction Skip losses that occur as part of a lender’s vehicle portfolio have made a significant increase since 2014 and now represent over 50% of all vehicle losses. Vendor Single Interest ...