Unitas Financial Services

During our team meeting yesterday, we caught our colleague, Joshua Threm deep in thought…doodling hearts around Insurance and Client Success. When your passion for risk management spills onto the page! Here at Unitas Financial Services we LOVE INSURANCE and helping our clients with their risk management strategies. As you begin strategic planning meetings for 2025, contact the Unitas team to learn about compliance-driven collateral protection solutions that can boost loan servicing and operational efficiencies. #CommunityBanks #CreditUnions #RiskManagementRomance #HelpingClientsSucceed

Happy Halloween from Unitas! Let’s keep this spooky season safe and fun for everyone. May your Halloween be filled with plenty of frights and delights! If you're out trick-or-treating, remember to: 🎃 Watch out for little goblins and ghouls while driving through neighborhoods. 🎃 Stick to well-lit areas, and avoid walking alone. 🎃 Trick-or-treat only in familiar neighborhoods. 🎃 Carry a flashlight or glow stick for extra visibility. 🎃 Check those treats before you eat! #HappyHalloween #HalloweenSafety

It's great to have our colleague, Wade Tiemann representing Unitas Financial Services at the Credit Union Connect Conference, hosted by The Wisconsin Credit Union League. We appreciate the chance to connect with lenders on risk management strategies to protect loan portfolios while streamlining operations and reducing insurance-related friction. #creditunions #autolending #riskmanagement

Filling out an application for a new program or to get a proposal can be a hassle, right? Especially when all you want is the price. But did you know that a completed application enables insurers to make informed, fair decisions about offering and pricing coverage? Since each lender is unique, the information provided on an application gives insurers valuable insights into their portfolio, allowing them to customize programs to best meet the client’s needs. And hey, the better they know you, the better they can insure you. #underwriting #communitybanking #creditunions #realestateinvestor

According to LendingTree, the average car payment for new vehicles was $734 per month in the second quarter of 2024, reflecting a 0.1% increase from the same period in 2023. As rising loan payments continue to drive auto loan delinquencies, adding Collateral Protection Insurance (CPI) on top of an already high monthly payment could further elevate the risk of borrower defaults. A Vendor’s Single Interest (Blanket VSI) policy offers a cost-effective alternative that not only eliminates the need for insurance tracking post-loan closure but also protects your financial interests, helping maintain a healthier auto loan portfolio. #creditunions #communitybanking #autolending #autoloans #autofinancing https://hubs.li/Q02VhSnC0

It’s essential for lenders to track mortgage insurance policies even after closing a loan to safeguard their financial interest. Without proper monitoring, lapses in coverage can occur, leaving both the lender and borrower exposed to unnecessary risk. A proactive insurance tracking system and/or partner helps ensure compliance, mitigates potential losses, and secures long-term portfolio protection. As insurance becomes more expensive and harder to secure, the importance of robust insurance tracking has never been greater. Our friends at QuieTrack Insurance Services are helping lenders navigate these challenges. Read their Q&A session with the Risk Management Association. Q&A: How Banks Are Adapting to Heightened Insurance Tracking Demands https://hubs.li/Q02Tr3tZ0

We are thrilled to have Brian J. Ruhe and Wade Tiemann attend #MAXX2024 in Denver, CO! They’ll be discussing risk management strategies to help lenders safeguard their financial interests in collateral, reduce default scenarios, and create loan servicing efficiencies. Be sure to stop by Booth #198 to explore our simplified approach to risk management. #SeeYouAtMAXX #MAXX2024 #RiskManagement #CreditUnions

As delinquency rates for commercial loans and properties continue to slightly rise, lenders face increasing challenges with managing risk. Missed payments can lead to cash flow issues, while declining property values may affect collateral. It’s more important than ever to have strong risk management strategies in place to safeguard your portfolio and minimize losses. Know your options, know your coverage. When it comes to insuring your commercial loan portfolio, it's essential to fully understand the solutions and coverage you have in place. Pay close attention to limits, coverages, deductibles, and exclusions to ensure your financial interests are properly protected. https://hubs.li/Q02T2Ycv0 #CommercialLoans #RiskManagement #LendingSolutions #CommunityBanking

We are excited to have our colleagues, Brian J. Ruhe and Wade Tiemann, exhibiting at #MAXX2024 in Denver, CO, next week! Connect with Brian and Wade to explore our simplified approach to risk management. They’ll be discussing CPI alternatives and ways to create efficiencies in loan servicing operations—not to mention, reducing member friction over insurance. Stop by Booth #198 to learn more! #MAXX2024 #creditunions #autolending #aglending #riskmanagement

Commercial lending can be complicated. Now, throw in multiple pieces of equipment used as collateral, and you've got yourself an insurance tracking nightmare. Most lenders rely on Excel sheets, tickler systems, or third-party tracking companies to manage insurance on collateralized equipment. However, many insurance policies do not offer sufficient coverage limits to meet the necessary requirements for safeguarding your interests. A Blanket Commercial Equipment policy can help lenders eliminate the need for insurance tracking on collateralized equipment in commercial loans. With higher policy limits, our Blanket Equipment policy ensures your financial interests remain secure. Explore how this policy can streamline operations, create efficiencies, and provide the protection you need. Visit https://hubs.li/Q02SLG2K0 #communitybanking #creditunion #aglending #equipmentlending #commercialequipment