Norwell, MA (PRWEB) April 30, 2013
Miniter Group today announced it will begin construction to triple the size of its insurance tracking department. Since the introduction of their Borrower-Centric approach in 2006, Miniter Group has grown 89% year over year for the last 5 years. Many mid size banks are moving to outsource insurance tracking due to new CFPB RESPA regulation. This expansion of the department will allow Miniter Group to keep up with the increasing demand of their services.
According to Jim Gilpin, EVP of Business Development at Miniter Group :
"Miniter has been refining its force-placed insurance offering since we launched our Borrower-Centric Insurance Tracking Solution in 2006. Miniter now has over 130 lenders using our insurance tracking system. We are excited about this expansion to our tracking department which will allow us to offer our services to many more lenders."
For smaller lenders considering outsourcing their insurance tracking, the Miniter Borrower-Centric Approach to outsource insurance tracking has completely changed the traditional value proposition associated with small lender outsource insurance tracking. Our insurance tracking systems were updated in February 2013 to comply with all of the new force-placed insurance requirements defined in Regulation X (RESPA).
If you would like to learn more about Miniter Group's insurance tracking services please visit here.
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.
We invite you to call us at 1-800-MINITER or visit us on the web at http://www.miniter.com.