Miscellaneous Coverage Selection - Loan Creation
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Screen ID: Screen Title:
Panel Number: |
UMBRINS-02 Payment Protection and Miscellaneous Coverages 5154 |
Access this screen by clicking on the Miscellaneous Coverage Exist Add/Update button on the Loan Request Payment Selection screen.
Helpful Resources
Learn how to add miscellaneous insurance to a loan
How should I process loans on CU*BASE GOLD to comply with the Military Lending Act?
Using this Screen
This screen lists the Miscellaneous coverage that has been configured to be included with the loan on the previous screen. Select the coverage to view or change the payment of the coverage, whether it is amortized into the loan, and whether the amount is included in the modified APR.
To add additional Miscellaneous Coverages to the loan, click the Add Coverage (F6) button and select the additional coverage you wish to add.
Use CPI History (F12) to view the history of CPI force-placed insurance (for credit unions who use the "posting and payment adjustment" method only).
To view a view-only version of the original configuration, select the coverage and click View Orig Config.
Automated Miscellaneous Coverage
This feature gives you SSO access to a vendor website which allows you to select additional mechanical breakdown, GAP or both that is sent back to CU*BASE to adjust the loan payment. In order for your credit union to use this product, several things must be in place, including Operation activation, vendor integration, specific Miscellaneous coverage configuration, and special loan product configuration.