From a Collection Manager's Viewpoint

Ever since financial institutions began making loans, both direct and indirect risks have been associated with the uninsured collateral. For instance, if the collateral is damaged, stolen, or even totaled, will the borrower continue to make payments? Or, will this loan become a collection problem and cause a charge off if the borrower fails to make payments?

Support Insurance Systems (SIS) has the solution: Continuum™ with The Premium Alternative™. Continuum™ with The Premium Alternative™ is a unique program that provides premiums only for the months that are necessary. The premium is based on the borrower's monthly outstanding balance (MOB) and ceases to exist once the borrower provides proof of insurance. As the borrower continues to make payments on the loan, his or her MOB decreases, which in turn lowers the premium.

SIS's revolutionary proprietary system contributes greatly to the company's success. The fully automated and technologically advanced web-based tracking system relieves credit unions of the time consuming administrative duties associated with monitoring their collateral. Credit unions and members alike benefit greatly from SIS's accurate tracking system that allows SIS to provide nearly 80% valid CPI placement, which far exceeds industry averages.