Verisurance’s Cutting-Edge CPI Technology: Enhancing Profitability and Compliance for Lenders

Maximizing Profit Margins: Leveraging Dealer Management Systems for Auto Dealers

In the dynamic landscape of auto financing, managing risk efficiently is crucial for lenders. The surge in insurance policy cancellations due to escalating auto insurance costs poses a challenge for lenders, exposing them to uninsured losses. Collateral Protection Insurance (CPI) emerges as a robust solution, and Verisurance leads the way with its revolutionary technology, streamlining […]

Revolutionizing Risk Management: Exploring Verisurance’s Cutting-Edge Insurance Tracking Technology

Leveraging Verifacto’s Loan Management System for Superior Compliance and Reporting

In an era marked by technological advancements, industries are continually seeking innovative solutions to enhance efficiency and mitigate risks. Auto finance companies, in particular, face the challenges of regulatory compliance, fraud detection, and ensuring comprehensive risk management. Enter Verisurance, a trailblazer in the field, offering a state-of-the-art Insurance tracking technology that is reshaping the landscape […]

Verisurance: Not Your Average Auto Insurance Tracking Company

Verifacto: Not Your Average Insurance Tracking Company

Table of Contents In the automotive industry, it’s crucial lenders, dealers and finance companies effectively track their customers’ auto insurance status. This allows lenders to stay on top of every update and keep their company safe from potential liability or monetary loss. Nearly every auto insurance tracking company claims to help you save money, but […]

How technology can speed up your auto finance business

  In an ever-evolving landscape, auto finance businesses face a multitude of challenges ranging from regulatory compliance to product shortages and inflation. The key to maintaining a competitive edge lies in embracing technological advancements and leveraging innovative solutions. Verisurance, with its cutting-edge insurance tracking technology, provides auto finance leaders with a powerful tool to navigate […]

What You Need to Know About Collateral Protection Insurance Companies

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If you are the owner or operator of a car dealership or auto finance company, you likely face problems with uninsured borrowers. When these drivers get into auto accidents, your business suffers in a few ways. The customer usually stops paying on the loan, which will eventually result in having to pick up the vehicle. […]

Our Best in Industry Auto Insurance Tracking Technology

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If you are an auto dealer, auto lender or insurance company, one of the best decisions you can make for your business is to invest in auto insurance tracking. It not only helps to increase your profits and mitigate risk, but it allows you to effectively track insurance coverage, automate your customer communications, easily store […]

Game-Changing Software Makes Auto Insurance Tracking Easy

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As an auto lender or dealer, you must take the correct steps involving auto insurance tracking. If one of your borrowers doesn’t have proper car insurance and they are involved in an accident, your company is now at risk. Auto insurance tracking is tedious. From keeping up with your portfolio to contacting every borrower, there […]

What is Lender Placed Insurance?

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Despite its importance, many drivers in the United States do not have auto insurance. When a borrower leaves a dealership, they might have car insurance at that moment, but due to difficulties in payment, they could end up allowing it to lapse leaving the lender’s collateral unprotected. Auto insurance prices have skyrocketed making it more […]

What is Collateral Protection Insurance?

What is Collateral Protection Insurance?

Collateral Protection Insurance (CPI) is insurance used by lienholders to protect themselves from financial loss. CPI is also known as force-placed insurance because this type of insurance is not sold to a customer, however, it can be placed on a vehicle when the borrower does not have physical damage (comprehensive and collision) coverage.

Verisurance: Not Your Average Auto Insurance Tracking Company

Verifacto: Not Your Average Insurance Tracking Company

In the automotive industry, it’s crucial lenders, dealers and finance companies effectively track their customers’ auto insurance status. This allows lenders to stay on top of every update and keep their company safe from potential liability or monetary loss. Nearly every auto insurance tracking company claims to help you save money, but Verisurance stands apart […]

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