Of the bundling these types of offerings, the bank increases its display out-of wallet – Cross-Promoting Potential: When a bank bundles a mortgage which have an insurance tool, it not just brings financial shelter for the borrower also opens get across-offering potential. For-instance, the loan consumer is generally finding life insurance or family promise functions. – Exposure Mitigation: Bundling fund with insurance coverage otherwise credit coverage situations can decrease exposure for both the debtor...
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