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| Automobile Insurance Tracking |
FIB offers a complete insurance tracking solution to your automobile loan portfolio. FIB’s program is the ideal solution for the lender that wants to manage the risks associated with automobile lending while at the same time does not want to maintain an in-house insurance department. We provide the lender with on-line access to all their insurance data. This allows the lender to know the immediate insurance status of any loan.
Our system allows each lender to set the parameters that best meets their needs. We will customize our letter cycles, reports, mailings, acceptable forms of insurance, and notice timing according to the requirements of the lender.
Program Highlights:
- On-line access to real time insurance data
- Access to complete insurance history
- On-line access to insurance document images
- No need to file insurance documents
- Lender customized set-up
- Tracking available with or without collateral protection insurance
- On-line electronic reports
- Cost effective
Standard Reports:
- Loan Status Report
- Notices Generated Report
- Warning Report
- Certificates Generated Report
- Cancellation Report
- Uninsured Report
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