The Loan Management and Insurance Program is designed to protect a participating bank from uninsured losses. The program offers a variety of ways for the bank to enhance profitability of its loan portfolio. Systems are available to identify uninsured loan collateral, and insurance products are available to conveniently cover the uninsured risks. Products and services include:

• Collateral Protection   More
• Blanket Single Interest   More 
• Real Estate Property Insurance Program  More 
• Mortgage E and O and Impairment Coverage   More

PROGRAM BENEFITS

Banks are faced with the daily task of identifying uninsured collateral. This process is cumbersome and resource intensive. Once collateral is identified as uninsured, coverage is often difficult to find and expensive. The Loan Management and Insurance Program offers cost efficiencies and reasonably priced coverage.

Unlike other loan-related insurance programs, this ABA-sponsored program is designed to successfully match the right type of coverage system to the individual needs of the bank. The participating bank will realize considerable savings by outsourcing the insurance follow-up responsibilities and having access to reasonably priced insurance coverage.

MARKET PROFILE

The program is appropriate for any bank or lender, regardless of size, that is involved in secured lending for automobiles, mobile homes, motorcycles, other chattels and commercial and residential mortgage loans. Programs are available that benefit all lenders.

PROGRAM CONTACTS

van Wagenen Financial Services, Inc.
6483 City West Parkway
Eden Prairie, MN 55439-0831
(800) 437-5171 or (612) 833-9100
Contact: Jan Alto; Tel: (952) 833-9137
Web Site: http://www.vanwagenen.com/

CAB CONTACT PERSONS

Monica Condon Tel: (202) 663-5475
Lisa Gold Schier Tel: (202) 663-5098

Questions? Please contact Jackie Lucas for more information.