Norwell, MA (PRWEB) August 31, 2012
Miniter Group today announces that several new bank and credit union clients have recently converted to the Miniter Borrower-Centric Insurance Tracking Solution. Since the introduction of their Borrower-Centric approach in 2006, Miniter Group has grown 89% year over year for the last 5 years.
According to James Gilpin, EVP of Business Development at Miniter Group:
"Loan servicing is significantly changing as lenders continue to implement Dodd-Frank. These changes have forced many lenders to re-design their loan operations, specifically the tracking of borrower homeowner insurance.
As banks look to our industry for solutions, many are discovering that Miniter's Borrower-Centric approach provides the most flexible and compliant insurance tracking solution. Our methodology puts the borrower's needs first, which is always to get their homeowner's insurance reinstated prior to the expiration of their policy. The lender also benefits as our Borrower-Centric methodology transfers all collateral risk and reduces non-interest expense in loan servicing."
Miniter Group is a leading provider of collateral risk transfer solutions to the lending industry. Miniter Group provides blanket and lender placed insurance solutions to over 550 lenders in 45 states. Their in-house software development created their Borrower-Centric Insurance Tracking System in 2006. Miniter’s solutions include Vendor Single Interest Insurance, Lender Placed Insurance, Collateral Protection Insurance and Mortgage Impairment Insurance.
Miniter Group can be reached at 1-800-MINITER or http://www.miniter.com