LenderDock provides real-time, insurance policy details through its magical web portal or its APIs.
LIENSure sends corrections digitally, straight from the financial source of truth and in bulk for easy processing.
ESCROWPay verifies what’s actually due before the money moves, then sends the payment and reconciliation data digitally.
NOTiFi delivers required policy, coverage, and billing notices in the formats lienholders actually use
LenderDock is pleased to announce the availability of its Simple Verifi™ API service which enables mortgage banks, loan originators and other financial third parties to efficiently and cost effectively verify basic P&C insurance policy-related details both in bulk and in real-time. Lienholders and mortgagees can now leverage the Simple Verifi™ API in order to eliminate the thousands of outbound phone calls, emails and paper mail that are generally required to validate the data on an unlimited number of home, auto and commercial insurance policies.
LenderDock has also developed an enhanced version of the API service called HOI Connex™ which expands on the available verifiable information that is needed. This enables any bank or financial institution the ability to validate a broadened and compliant data set within the policy through an on-demand generation of standard evidence of insurance certificates.
“These new web-services will have an increased and dramatic impact on both the banking and P&C insurance provider communities by supporting an all-digital commitment most have to prioritizing lienholder communication, processes and workflows,” said Frank Eubank, LenderDock’s CEO.
We’ve heard people in mortgage servicing use verification and tracking as if they’re interchangeable, and honestly, for a lot of daily work, treating them that way doesn’t break anything.
A two-day lag between a policy change and everyone finding out about it used to be annoying, not dangerous. Someone made a call, waited, got an answer, and moved on with their day.
We’ve heard people in mortgage servicing use verification and tracking as if they’re interchangeable, and honestly, for a lot of daily work, treating them that way doesn’t break anything.
Insurance verification is a routine part of the lending and insurance process. A lender needs to know whether a policy is active. A mortgage servicer may need to confirm coverage or mortgagee information. An insurance…
In the earliest version of insurance verification, the person answering the phone actually had to know things. They pulled a physical file, checked handwriting against a ledger, and made a judgment call about whether what…
Two insurers can each have perfectly accurate, well-maintained policy databases and still fail to exchange a single piece of usable data between them.
Every single day, insurance workers face a mountain of simple questions. Are they tired of answering the same questions about policy coverage all day long? Yes, they are. When banks or lenders need to check…
A title company closing a home sale needs to confirm the seller’s policy is active before the deal can move. An auto lender needs the same thing before releasing funds on a car loan. A…
Most people who take out a mortgage never think about insurance as part of the loan itself. It feels adjacent, a separate purchase, something the lender requires but does not really participate in beyond checking…
Mortgagee corrections are a routine part of insurance servicing, but the process behind them is often anything but simple. A lender may find that the mortgagee’s name or address on a policy is out of…
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