Introduction

Collateral and Operational risks associated with typical consumer portfolios differs from real property risks. These risks are typically not catastrophic but can occur in much greater frequency than other loan portfolios.  Since this collateral can be moved, the perils of skip & theft come into play.  At Miniter, we have modeled this type of risk for decades and will provide alternative approaches to transferring this collateral risk.

Insurance Tracking

Once you are comfortable with the insurance products you will use to transfer your collateral risk, you must turn your attention to the delivery methods of these products to minimize NIE at the lender. Miniter Group gives you the option of 3 insurance tracking & placement systems.  Miniter-WYO, Miniter-TYO, Miniter-OST.

Auto

Transferring auto portfolio risks involves verifying insurance at loan origination as well as designing a cost effective approach to maintaining insurance on the collateral through the duration of your loan.  Whether you decide to use Blanket Vendor Single interest insurance (VSI), sometime called Lender Single Interest (LSI) or Collateral Protection Insurance (CPI), Miniter Group has designed flexible delivery technologies to enable low cost collateral risk transfer solutions for your  auto portfolio. [read more]

Watercraft

Fluctuation in the economic cycle can dramatically affect the performance of your watercraft portfolio.  In a down economic cycle, delinquencies and voluntary repossessions can adversely affect your portfolio.  Proper risk transfer techniques must understand the loss frequency acceleration during the beginning of economic down turns.   Miniter Group has risk transfer techniques that can smooth loss ratios throughout the economic cycle. [read more]

REC Vehicles

Collateral risk transfer on Recreational Vehicles has always been a challenge for lenders.  Economic cycles, the mobility of these vehicles and the typical damage that occurs as “wear & tear” on the vehicles must be accounted for.   Tracking insurance on these vehicles may not be cost effective.  Miniter group has designed programs that specifically address the needs of the Recreation Vehicle portfolio. [read more]