Lee & Mason is a leading provider of collateral protection insurance services for auto/consumer lending financial institutions all over the US. Known particularly for our expertise in Blanket Lenders Single Interest (often referred to as VSI – Vendors Single Interest), we offer Outsourced Collateral Insurance tracking, as well as value-added fee income products like Gap Waiver Insurance and Vehicle Service Contracts.
Broad coverage of collateral loss for your entire consumer loan portfolio, with no need to track insurance.
Continuous database monitoring of borrower’s insurance, placing collateral protection insurance when the borrower fails to provide coverage.
After a total loss to the borrower’s vehicle due to accident/theft, Gap Insurance covers the difference between the loan payoff and the actual cash value settlement made by the borrower’s auto insurance policy.