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FINANCIAL INSTITUTION

Ancillary Products, LLC. has relationships with many of the top rated insurance providers within the industry.  We are able to customize programs to fit the needs of any lender, while delivering hassle free coverage for your customer/members and maximum profitability for your financial institution. 

 If we do not currently have a product or service that fits your needs, please contact us

and we will work together to come up with a solution.

 AUTO EXTENDED WARRANTY

   The longer you drive and the more miles you put on a vehicle after the manufacturer's warranty has expired, the more likely it is   that you will need repairs.  Provide your customers peace of mind by protecting their automobile and wallet with a

 Vehicle Service Contract.

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 Benefits of Coverage:

  • Immediate Coverage

  • 30 Day free look

  • Roadside

  • Included in the loan or outside the loan

  • Open enrollment

  • Stated component to Factory type coverage

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Auto Extended Warranty

 POWER SPORT EXTENDED WARRANTY

   Complete line of coverage designed to keep your power sports vehicle on the road. Protection for major mechanical expenses   with No Deductible on covered parts and labor. All plans include Roadside Assistance. 

 Benefits:

  • Towing

  • Flat Tire assistance

  • Fuel Delivery

  • Rental Car Allowance

Power Sport Extended Warranty

 GUARANTEED ASSET PROTECTION (GAP)

   GAP protection has become an important product for lenders today.  With consumers borrowing more than ever before, and   for longer terms, GAP protection takes the sting out of a big loss for both the customer and lender. 

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   Ancillary Products, LLC.  represents several top tier Gap Insurance Administrators. 

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  • Terms up to 84 months

  • 150% Loan to Value

  • Coverage for Vehicles with up to $100,000 MSRP

  • Commercial Use Coverage

  • Insurance Deductible Reimbursement up to $1000

  • Private Label options

Gap

 AUTOMOBILE LOAN PROTECTION

  Automobile Loan Protection enhances auto lending by:

  • Improves loan yield and finance income by growing C, D, & E tier lending

  • Protects loan portfolio at minimal cost

  • Reduces losses on repossessed vehilces

  • Easy application/ lender makes all loan decisions

  • Available on new/used vehicles $1,000-$80,000

  • Loan terms 1-8 years

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Automobile Loan Protection

 SUPER NON-LEASE

   Prices on new vehicles continue to increase, forcing buyers to make higher monthly payments, delay vehicle purchases, or   acquire used vehicles. As a result, leases and balloon loans offering low monthly payments and short term financing attract many   new car buyers. Lenders can satisfy buyers' preference for low monthly payments and short term financing with Super Non-Lease,   an innovative balloon loan program that provides superior benefits for both lenders and borrowers.

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 Lender Benefits:

  • Low monthly payments to increase auto lending

  • Vehicle Titled in Member’s Name

  • 30% to 40% more finance income compared to a conventional loan

 

 Borrower Benefits:

  • Low monthly payments and shorter loan terms

  • No upfront costs

  • Generous mileage allowance

 

 Options at loan termination:

  • Sell or trade in the vehicle

  • Refinance the remaining balance

  • Turn-in vehicle to lender for purchase by administrator

 BLANKET LENDERS SINGLE INTEREST

   Broad coverage of loan collateral loss for the entire consumer loan portfolio with no need to track insurance.Verify coverage,   and from that point on, insurance tracking ceases. Rates are extremely competitive, includes Assumption of Coverage.  

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 Coverage:

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  • Uninsured Physical Damage

  • Skip and Confiscation   

  • Instrument Non-Filing

  • Repossessed Property Coverage

  • Eligible Collateral: All types of “consumer” or “rolling stock” loans such as auto, recreational vehicles, watercraft, etc….

  • Limit of Loss: $50,000 - $75,000

  • Deductible: deductible options available

 COMMERCIAL LENDERS SINGLE INTEREST

   Protects the Financial Institution from uninsured loss to commercial loan collateral of various types. Just like the Blanket Auto   LSI  program, the bank or credit union will verify insurance at closing and from that point on tracking ceases.

 

 Coverage:

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  • Uninsured Physical Damage

  • Skip and Confiscation

  • Instrument Non-Filing

  • Repossessed Property Coverage

  • Eligible Collateral:

  • All Kinds of Commercial Vehicles, Machinery and Equipment.

  • Inventory (No art, livestock, etc.)

  • Limit of Loss: $250,000 (increased limits offered in $250K increments, to $1M)

  • Deductible: $2,500 per claim (higher deductibles available)

Blanket Lenders Single Interest
Commercial Lenders Single Interest
Super Non-Lease

 BLANKET MORTGAGE HAZARD INSURANCE

  Coverage of the entire mortgage loan portfolio against uninsured physical damage without the aggravation and expense of   tracking property insurance.

 Features:

  • Provides lender with uninsured property coverage on the entire portfolio

  • Covers residential, commercial and mobile home loans

  • Provides all-risk residential and commercial property coverage

  • Covers second mortgages and equity loans

  • Option to cover Real Estate Owned (REO) portfolios

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 Benefits:

  • Eliminates need for insurance follow-up after loan closing

  • Eliminates need to track and report individual properties for coverage

  • Covers uninsured physical damage without default or foreclosure

  • Pays claims at replacement cost versus ACV if lender opts to repair property

 LENDER-PLACED MORTGAGE HAZARD AND FLOOD INSURANCE

   The lender goes to website and can easily place coverage and to cancel coverage on uninsured mortgage properties:   residential, commercial, and REO.

 Features:

  • Lender easily places property coverage when borrower fails to insure property

  • Covers residential, commercial and mobile home loans

  • Provides all-risk residential coverage

  • Pays claims at replacement cost on residential; ACV settlement for commercial properties

  • Covers Real Estate Owned (REO) properties

  • Carries option to include liability coverage

  • Allows placement of Flood coverage when required

 

Benefits:

  • Allows lender to insure specific, individual properties only

  • Easy-to-use website for fast and efficient placement/cancelation

  • Premium cost charged to the borrower

  • Pays claims at replacement cost on residential; and ACV settlement for commercial properties

Blanket Mortgage Hazard
Lender Placed Mortgage Hazard & Flood

 OUTSOURCED TRACKING MORTGAGE PROPERTY & FLOOD COVERAGE

   We collect all insurance mail and match insurance status to each mortgage loan in your portfolio. Uninsured property owners   are automatically sent CFPB compliant notices asking them to provide evidence of insurance

 Features:

  • Full outsourced tracking of property insurance and required flood coverage for both residential and commercial mortgages.

  • CFPB Compliant notice generation — automatic placement of coverage

  • Pro-active outbound calling of insurance agents and companies reduces false-placement

  • Friendly & well-trained service center staff handles all insurance-related communication

  • Life-of-loan mortgage insurance tracking for a modest fee per loan made

  • A full set of management, control and compliance reports at your fingertips

  • Easy web-access to property insurance information on each loan

 

 Benefits:

  • Eliminates mail sorting, recording and storing of insurance documents on your premises.

  • Gives you up-to-date access to insurance status on each mortgage loan

  • Reduces internal cost of staffing and other expenses related to internal insurance tracking

  • Frees up time for your mortgage servicing staff to do more important tasks

  • Complies with insurance requirements mandated by regulators and loan funding sources

  • Improve customer service and responsiveness to your mortgage customers

  • Peace-of-mind knowing the risk of property loss is being professionally tracked

 IDENTITY THEFT PROTECTION (EMPLOYEE BENEFIT PROGRAM)

   We live in a technology driven world that sometimes puts our information at risk. Offering identity theft protection as part of   your voluntary benefits plan allows you to provide a highly valued service to your employees. 

 Great for Employees:

  • Innovative ID protection from a technology leader

  • Adds critical layer of protection to your employees

  • US-based case manager to see employee through to resolution

  • Affordable plans with great benefits

 

 Great for your Business:

  • Help attract and retain top employees

  • Multiple options available

  • Write off expense as a non-taxable benefit

  • Protect any number of employees, no minimums or maximums

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Ancillary Products, LLC. has programs to cover your members/customers as well. 

Outsourced Tracking Property & Flood
Identity Theft Protection

 CREDIT LIFE & DISABILITY INSURANCE

   If 61% of Americans don’t have enough savings to cover a $1,000 emergency expense, and if 78% of full-time workers say they   live paycheck-to-paycheck, consider the added burden the death or disability of a wage earner would cause to the financial stress

 of most American families. 

   Insuring your customers vehicle loan with credit insurance is an effective step your dealership can take toward   protecting your customer and their family from a potential financial burden with their new vehicle loan. Loan   protection is available in the form of credit life insurance and/or credit disability insurance. 

Credit Life & Disability Insurance

 All insurance products referred to in this Website are subject to exclusions, limitations and reductions of benefits and may not be available for sale in all states or jurisdictions. For costs and complete details,

contact:

JD Williams

785.452.5506

jdw@dsoelectricwb.com

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