Keeping Auto Loan LTVs Accurate With Monroney Labels

Chevy Volt Monroney Label Window Sticker

What’s a sticker got to do with your loan portfolio? A lot, if it’s the right sticker. You know the one. The ubiquitous piece of new car design, always visible on that passenger window. It even has a name: Monroney labels Did you know it was named after a U.S….

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What is Collateral Protection Insurance (CPI)?

Umbrella Protecting Money

Got Uninsured Collateral? Here’s Your Solution. Hey, you booked an auto loan! That’s wonderful. I bet your financial institution requires insurance on this asset. And your loan agreement states it must be secured and maintained for the life of the loan, right? Why? Because the car is also the collateral….

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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 Vehicle Service Contract Seems like you’ve covered it all. Except…what about protecting…

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