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Featured General Insurance Press Release

LenderDock Inc., the premier provider of online services for Property and Casualty Insurance policy verification and automated lienholder process management, is excited to unveil its latest collaboration with Brightway Insurance.

“LenderDock is very excited about the opportunity to be collaborating with Brightway Insurance. As one of the largest MGAs in the U.S., they bring a unique perspective and focus to optimizing and improving internal processes that involved the banking community.  We fully endorse and support their goal of process automation to drive down costs,” said Frank Eubank, LenderDock CEO.

Brightway will implement the use of LenderDock’s base platform, which includes the VERiFi™, LIENSure™, and LENDERDocs™ services.

VERiFi™ is a real-time insurance policy verification system designed for verifiers and lenders. With VERiFi™, phone calls for policy verification are a thing of the past, making the process faster and more efficient.

The second tool, LIENSure™, automates the process of updating policy information by allowing lenders to submit corrections directly to the carrier. This enables carriers or providers to process the updates efficiently according to their own procedures.

The final base suite tool, LENDERDocs™ provides electronic and real-time access to important policy-related documents such as EOIs, Certificates, and others to financial third parties. This helps streamline the process of obtaining and sharing these documents, making it easier for business partners to manage their policy information.

About LenderDock Inc.

LenderDock Inc., with its headquarters located in Salt Lake City, Utah, is the industry leader in automated lien holder process management services as well as online property and casualty insurance policy verification. Banks, lenders, and financial third parties can digitally verify and update home and car insurance-related data in real-time using the policy verification-as-a-service (VaaS) platform.

December 27, 2019
Press Release

 

Salt Lake City – May 18, 2018 – LenderDock, the leader in automated lienholder management services, has announced a new partnership with Assurant (NYSE: AIZ) that will offer property & casualty (P&C) insurance providers access to a web-based solution that enables financial third parties to electronically verify and automate lienholder change requests in bulk. This new collaboration will drastically improve communication between the mortgage-lending community and the insurance industry and drive more innovation and operational efficiencies.

 

As the top business process outsourcer for the majority of the largest banks and lending institutions in the United States, Assurant manages clients’ property-related policy verifications and lienholder change requests. Traditionally, that activity has been handled by hundreds of service agents via phone or notifications sent by physical mail.

 

Through LenderDock’s online platform and dynamic Volume Processing solution, insurers are no longer required to service more than 500 million lender-made phone calls each year or contend with an onslaught of unnecessary correspondence filling up their mail rooms.  

“The relationship with Assurant represents a significant opportunity to accelerate the adoption of real-time data management and virtually eliminate the millions of hours of manual processing,” said LenderDock CEO Frank Eubank. “Our two companies’ combined efforts will help us deliver on our web-services strategy to each of the respective insurance and mortgage banking segments and affirms LenderDock as the leader in this ‘new market’ category.”    

 

About LenderDock

Headquartered in Utah, LenderDock is the leading provider of online (P&C) insurance policy verification and automated lienholder management services. The SaaS platform offers banks, lenders, and all financial third parties the ability to electronically verify policy information and correct lienholder information in real time.  

May 21, 2018
Featured General Insurance Press Release

LenderDock Inc., the premier provider of online services for Property and Casualty Insurance policy verification and automated lienholder process management, is excited to unveil its latest collaboration with PEMCO Insurance.

“PEMCO’s shared vision of lienholder workflow automation and their adopting a process that truly solved the painful and expensive touch points with banks and lenders has enabled the LenderDock’s suite of services to manifest for the entire carrier community,” said Frank Eubank, LenderDock CEO.

PEMCO will implement the use of LenderDock’s base platform, which includes the VERiFi™, LIENSure™, and LENDERDocs™ services.

VERiFi™ is a real-time insurance policy verification system designed for verifiers and lenders. With VERiFi™, phone calls for policy verification are a thing of the past, making the process faster and more efficient.

The second tool, LIENSure™, automates the process of updating policy information by allowing lenders to submit corrections directly to the carrier. This enables carriers or providers to process the updates efficiently according to their own procedures.

The final base suite tool, LENDERDocs™ provides electronic and real-time access to important policy-related documents such as EOIs, Certificates, and others to financial third parties. This helps streamline the process of obtaining and sharing these documents, making it easier for business partners to manage their policy information.

About LenderDock Inc.

LenderDock Inc., with its headquarters located in Salt Lake City, Utah, is the industry leader in automated lien holder process management services as well as online property and casualty insurance policy verification. Banks, lenders, and financial third parties can digitally verify and update home and car insurance-related data in real-time using the policy verification-as-a-service (VaaS) platform.

January 19, 2017
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