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Research Report 

Improving Online Lending Profitability with Embedded Payment Insurance

Explore how innovative digital lending insurance solutions are reshaping the lending landscape, driven by key economic trends and consumer behaviors.

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What You'll Learn in this Report

  • Many lenders can achieve a 20% reduction in charge-off costs with embedded loan payment insurance.
  • Embedded loan payment insurance can be a cost-effective way to attract more borrowers.
  • TruStage™ Payment Guard Insurance helped one lender avoid an estimated $316,000 in charge-offs.

Report Stats At a Glance

70%

 

of mortgage defaults are caused by unplanned events like layoffs and disabilities.

20%

 

reduction in charge-off costs is achievable for lenders using loan payment protection.

60%

 

of Americans were living paycheck to paycheck as of November 2023.

Ready to See Real Results With Your Financial Institution?

Solutions from Cornerstone Advisors

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Performance

Cornerstone’s Performance solutions provide a wide range of consulting expertise to help clients identify opportunities to increase efficiency and productivity across their entire organization, whether it’s enhancing the digital experience or optimizing payments. We leverage these services with our proprietary tools, including Performance Vault and Analytics Vault. Armed with unparalleled insider data analytics and benchmarking intel, your bank or credit union will gain the confidence to make sound, data-driven decisions.

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About Cornerstone Advisors

For over 20 years, Cornerstone Advisors has delivered gritty insights, bold strategies and data-driven solutions to build smarter banks, credit unions and fintechs. From technology system selection and implementation to contract negotiations, vendor management, performance improvement programs, strategic planning, merger integration and enterprise program management, Cornerstone combines its expertise with proprietary data and research to help financial institutions thrive in today’s challenging environment. For more information, visit www.crnrstone.com, connect with us on LinkedIn and Youtube, and subscribe to GonzoBanker® for our opinionated take on all things banking.