LENDER PRODUCTS AND SERVICES

Debt Protection

Debt Cancellation & Waiver Programs (Single Fee & Monthly Pay): Web-based system delivery and turn-key administration with custom benefit options based on the loan type.

Life & Health

Credit Life & Disability Single Premium: Single, joint, decreasing, net pay, and level term available where applicable. Credit Life Insurance pays off the insured debt (up to the policy limit) as of the date of death; Credit Disability coverage provides a monthly benefit for the borrower’s loan payment (up to the policy limit) with a choice of waiting periods and either retroactive or elimination coverage.
Credit Life & Disability for Open-End Credit: Life Insurance that covers the balance on a revolving credit account (up to the policy limit) as of the date of death; Disability Insurance coverage provides a monthly benefit of the insured debt (up to the policy limit) during a covered disability.
Accidental Death & Dismemberment (AD&D): A voluntary policy providing coverage for loss of a limb or eyesight resulting from an injury or death by accidental means (may not be available in all states).

Property & Casualty

Credit Property: Credit-related insurance that provides fire and theft coverage for certain household goods or personal property.
Automobile Single Interest (ASI): Protects the interest of the Lender only for loss or damage to the insured collateral due to fire, theft, and collision with another object or upset of the automobile.
Vehicle Physical Damage Plus (VPD): Protects Lender interest and equity, up to the specified insured value, for loss or damage to the insured collateral; there is no liability coverage with this product.
Guaranteed Asset Protection (GAP): Coverage for the excess outstanding indebtedness (subject to limits and exclusions) over the Primary Insurance carrier’s benefits that may occur in the event of a Total Loss to a collateral asset.
Involuntary Unemployment Insurance (IUI): Provides critical period protection for monthly loan payments when the borrower is unemployed involuntarily.
Lender-Placed Vendor Single Interest (VSI): Coverage for the Lender’s interest in collateral such as vehicles when the borrower provides no insurance; Lender tracked or fully automated tracking programs available. Also known as Collateral Protection Insurance (CPI).
Blanket Vendor Single Interest (VSI): Blanket coverage for all physical risk damage covering the Lender’s interest in vehicle loan collateral.
Non-File: Indemnifies the Lender for a loss sustained when the Lender is prevented from obtaining possession or enforcing its rights under a filed lien.

MORTGAGE PROGRAMS

Group Mortgage Life & Disability Insurance: Single and joint (where available) that pays the loan (up to the policy limit) in the event of death and pays the monthly payment (up to the policy limit) when an insured borrower is unable to work due to disability; cost of insurance remains a flat fee for the duration of the loan and does not automatically change with the age of the borrower.
Title Insurance: Protects against the possibility of loss if the examining attorney/agent makes an honest mistake and protects against defective titles (not available in all states).
Lender-Placed Mortgage Hazard & Real Estate Owned (REO) Insurance: Protects mortgage or foreclosed properties against the costs of damage from fire, vandalism, smoke, and other causes when the borrower does not provide proper coverage.
Blanket Mortgage Hazard Programs: Protect both your company and borrowers against financial loss resulting from damage to or destruction of mortgaged property.
Flood Zone Determinations: Identifies a property’s flood zone status.
Flood Insurance (Voluntary or Lender-Placed): Insurance on uncovered loans that require flood insurance coverage for properties determined to be in a flood zone.
Automated Valuation Model Service: Provide instant property valuations nationwide by using multiple methods to determine value.
Bundled Mortgage Products: Provide all the items you need to close mortgages within hours instead of days (appraisals, tax service, etc.).

Secure Checking: A mix of financial institution services and external benefits (like ID Theft Protection, Consumer Discounts, and Accident/Insurance Coverage) offered as a convenient package to your customers, further promoting revenue, value, loyalty, and retention.
Thank You 2000: An Accidental Death and Dismemberment program offered as a demonstration of appreciation to your customers with the client option to purchase additional coverage.
ID Protect: An identity theft protection program to restore the identity and credit of the harmed; this low-cost solution adds a fee income source for your institution.

Reinsurance Services: Capture underwriting profits and investment income by implementing a reinsurance program; most individuals and producers can own a reinsurance subsidiary. Plateau is an industry leader in the formation, management, and accounting of Reinsurance companies.
Debt Protection Administration: Debt cancellation, deferment or suspension programs, and/or credit insurance program administration.
Sales Training Services: Webinars and one-on-one sales training for payment protection products and services.