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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
