About the Podcast
Evaluating the risk associated with uninsured loan collateral often resides at the bottom of the long list of priorities and challenges faced daily by credit unions. However, the exposure created by members who fail to properly insure loan collateral is real and often results in damaged repossessed vehicles that bring little return at auction. And it is very likely this uninsured, unrepaired damage is the underlying cause of loan default for many delinquent members.
Paul Timm, Vice President of Marketing, NAFCU Services, and Cindy Bryant, Senior Vice President & Risk Management Consultant, Allied Solutions, take a behind the scenes look at Collateral Protection Insurance (CPI) programs and how technological improvements to the insurance monitoring component mitigate uninsured loan exposure and enhance members' experience.
Listen to the first installment of this series here: Understanding the Risk Associated with Uninsured Loan Collateral Part 1
Podcast now available in iTunes.
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*Statements made within this podcast are general in nature. For specific terms and conditions, please review your CPI policy.