5 Steps to a Sweet GAP Program

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Take your Guaranteed Asset Protection to New Levels Guaranteed Asset Protection (GAP) is simple! Right? It’s great at generating non-interest income and protecting your loan portfolio (along with your members). Yet keeping it all “above water” may not be as easy as you think. We put together 5 recommendations to…

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What is Depreciation Coverage? (Definition, Benefits, & Getting Started)

Chalkboard with Depreciation Coverage

Your financial institution checks all the boxes: Reducing risk, protecting borrowers and generating non-interest income. With a suite of services, every possible scenario has an offering to match: Full comprehensive auto insurance (or force-placed CPI) Payment Protection GAP coverage Warranty coverage Seems like you’ve covered it all. Except…what about protecting…

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Best Depreciation Coverage Providers In 2019

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Protecting Your Borrowers With Depreciation Coverage That’s wonderful you are considering Depreciation coverage for your auto loan borrowers. As with any other product search, part of the challenge is finding reputable providers, then assessing their fit with your institution. Did you end up here before learning the ins-and-outs of Depreciation…

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