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Golden Eagle Insurance, Inc

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The Use of AI in Loan Decisions

Submitted by Golden Eagle Insurance, Inc on March 15, 2019

 

Across the world, machines are getting smarter. Artificial Intelligence, or the theory and development of computer systems able to perform tasks that typically require human intellect and decision-making, impacting our lives and is already present in our day-to-day lives.

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The Four Options to Protect Consumer Loan Collateral for Lenders

Submitted by Golden Eagle Insurance, Inc on February 18, 2019

For financial institutions to properly protect consumer loan portfolio collateral, there are four basic options to consider when determining what type of portfolio protection insurance is best for them, as well as, their borrowers.

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The Impact of Longer-term Auto Loans on Lenders

Submitted by Golden Eagle Insurance, Inc on January 16, 2019

There are nearly 270 million vehicles registered in the United States, making the country the second largest vehicle market after China. Despite having 1.2 cars per driver, the US continues to see growth in new and used auto sales and auto loan origination. Lenders know that auto loans today look entirely different than those from the past. Gone are the days of predominantly three- to five-year loan terms. Nowadays, most loans are made with terms of five to seven years. While this may not seem like a significant change at first glance, there are many potential ramifications for drivers and lenders once you look under the hood, so to speak, of these trends. Read on to find out how these factors affect lender risk management. 

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Newswire-Golden Eagle Insurance Transforms the Way Lenders Protect their Portfolios

Submitted by Golden Eagle Insurance, Inc on December 29, 2018

Golden Eagle Insurance, Inc. announced a new bundle of Blanket Insurance Products designed to cover the risk a lender carries in their collateralized loan portfolio when the borrower's coverage lapses. Blanket 360, the latest product in the company's portfolio protection line for lenders, covers collateral immediately after loan closing, eliminating the need for tracking and making lender operations more efficient. "Blanket Insurance protections are a very simple and cost-effective way to eliminate virtually all internal insurance tracking after a loan is closed," said Bill Jones, President of Golden Eagle Insurance, Inc.  

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Happy Holidays! We look forward to serving you in 2019!

Submitted by Golden Eagle Insurance, Inc on December 24, 2018
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Cybersecurity Month Brings Awareness to Financial Institutions

Submitted by Golden Eagle Insurance, Inc on October 30, 2018

With the rise of the internet and the wave of online banking that followed, cybersecurity is becoming a hot-button topic. Because most information and financial assets are accessible from online avenues now—or in the case of cryptocurrencies, are entirely digital in nature—practicing good cyber hygiene is essential in keeping information from online hackers, thieves, and scammers.

Yes: October was officially Cybersecurity Month, but this is a year round issue, so it's always a good time to remind employees and consumers to be careful with their data and systems. Let’s dive in to learn more about cybersecurity, understand some of the statistics and terms associated with it, and how much it can cost an agency or institution, should they fall prey.

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How Lenders can use HELOC's to Improve Customer Relationships

Submitted by Golden Eagle Insurance, Inc on September 30, 2018

Home equity in the United States has reached an all-time high. According to NRMLA, housing wealth grew to $6.2 trillion in 2017. However, some homeowners are more reluctant than ever to tap into their wealth as the costs of financing a HELOC have risen to 5.83% in 2018. Plus, refinancing can be harder than ever before and homeowners are wary of housing troubles caused by the crisis in the early 2000s. But, a recent study on HELOC’s by Transunion predicts that, “The number of consumers opening HELOCs may double during the next five years.” So, even though rates are up and homeowners may be wary, lenders can use home equity loans to deepen customer relationships. Here's how.

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Three Times as Many People in need of Flood Insurance than Current FEMA Maps Show

Submitted by Golden Eagle Insurance, Inc on September 20, 2018

NFIP (FEMA) Flood Insurance Vs. Private Flood Insurance

Flood insurance is required for many properties but choosing a policy can prove difficult. From the broadest perspective, there are two primary choices for flood insurance coverage: FEMA flood insurance or a privately funded policy.

Demand Is Outpacing NFIP’s Coverage

According to a study conducted by researchers from the U.S. Environmental Protection Agency, Nature Conservancy, and the University of Bristol published in the journal Environmental Research Letters, nearly 41 million Americans already live in 100-year floodplains.

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Golden Eagle to offer Streamlined Mortgage Settlement Solutions 

Submitted by Golden Eagle Insurance, Inc on March 20, 2018

Golden Eagle Insurance is pleased to introduce a comprehensive resource for the financial lending industry by providing bundled lending settlement products and services featuring a state of the art user-friendly online system that streamlines processes, saves time and cuts costs.

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As car values struggle, VSI and Gap in demand 

Submitted by Golden Eagle Insurance, Inc on February 21, 2018

VSI and Gap, or Guaranteed Asset Protection, products are in demand as used car values continue to struggle.

The article, Worthless Auto Trade-Ins Signal Riskier Loansby Bloomberg news, reiterates what we all have seen the last few years:  vehicle depreciation is taking a heavy toll. Lender risk is on the rise as longer terms, and lower trade-in values weigh down the LTV in the beginning stages of a loan. These factors causing massive depreciation of a newer financed vehicle deteriorates any chances of being in a good position on LTV during the mid-stages of a loan.

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