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 ...
Emily Carr
By Emily Carr
on November 17, 2022
As a loan servicing professional, you know complying with flood regulations in 2022 is not easy. Utilizing tools from industry professionals who provide their opinions and guidance regarding flood ...
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 ...
Jim Gilpin
By Jim Gilpin
on May 10, 2022
The one unlawful and litigious thing you may not realize about CPI insurance What is Collateral Protection Insurance? Borrowers and lenders, who are new to their role often ask: "What is Collateral ...
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 ...