banner1.jpg

Blog

Is Blanket Equipment Coverage right for your portfolio?

Submitted by Golden Eagle Insurance, Inc on July 17, 2017

How is your institution protected against uninsured losses to your equipment portfolio?  If you’re tracking customer insurance on these types of loans—and spending a lot of time doing it—there’s a solution available that eliminates all tracking and force-placing of expensive premiums altogether.  It’s called a Blanket Equipment policy.

Read More

5 Reasons Your Customers Need GAP More Than Ever

Submitted by Golden Eagle Insurance, Inc on June 10, 2017

GAP coverage, also known as, Guaranteed Asset Protection or Guaranteed Auto Protection, has been a popular loan protection product since the early 1990’s. However, there has never been another time when it’s benefit to consumers and lender has been as essential as it is today.  While obtaining GAP is an elective insurance--or waiver of residual loan balance in most states—there are many reasons why loan officers can and should make a persuasive purchasing argument to the buyer in today’s lending environment.

Read More

Lender’s Insurance on Loan Collateral

Submitted by Golden Eagle Insurance, Inc on May 09, 2017

Track in House, Outsourced Tracking, or Blanket Coverage?  Which is better?

While most lenders want to focus on lending, not insurance,  those who service loans have a necessary but annoying issue to deal with.  The insurance on the collateral you hold for security on the loan, along with the paper and correspondence that goes along with it, creates a lot of work and decisions.  With so many vendors claiming to have the ultimate solution for you (and they claim that their other solutions, which may be less profitable for them, aren’t the answer for you), how do you decide what solution is best for your institution?  There are positives and negatives to each solution that have to be evaluated properly to make the right decision.

Read More

How Will Dodd-Frank Reform Changes Affect Your Lending Practice?

Submitted by Golden Eagle Insurance, Inc on April 09, 2017

Dodd-Frank reform will impact lenders in a major way, but it won’t be easy to change or implement as it is comprised of more than 400 separate regulations overseen by several regulatory agencies. If you or your institution is in the business of lending money, it may be a good idea to keep up with you the Dodd-Frank Reform currently under consideration by the United States Congress.

Below is a list of the resources to help you keep up with the latest details.

Read More

Customer Service, Are You Making the Grade?

Submitted by Golden Eagle Insurance, Inc on March 09, 2017

Based on their current trajectory, the country’s largest retail banking institutions are expected to achieve a substantial lead in overall customer satisfaction vs. Midsize and Regional banks by 2020,” said  Jim Miller, senior director of banking at J.D. Power.

Businesses of every shape and size tout the top shelf customer service they provide.  Words like reliability, friendly, personal, dependable, and proven are used.  Every representative of their firm says that their company has "great customer service".

Read More
1
Book a Meeting

Subscribe to Email Updates