Jim Gilpin
By Jim Gilpin
on December 15, 2021
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 joint agencies have created ...
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
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 the Biggert-Waters Act ...
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 ...
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
Introduction On January 17, 2013, the CFPB released the changes to CFR Part 1024 Real Estate Settlement Procedures Act (Regulation X). These changes implement specific provisions of the Dodd-Frank ...
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 ...