Assurant Lending Solutions has introduced a new homeowners insurance verification tool for mortgage lenders, HOIVerify Origination.
The API-enabled solution streamlines and automates insurance verification during the mortgage loan origination process.
“Assurant’s HOIVerify product suite modernizes the complex mortgage loan process,” says Greg Tuttle, senior vice president of Assurant Lending Solutions, in a release. “HOIVerify Origination is a proprietary platform that automates insurance verification at the point of the mortgage approval.”
The integration of HOIVerify Origination into Assurant’s data exchange ecosystem creates a seamless experience for all stakeholders in the mortgage lifecycle. It enables lenders to access up-to-date insurance details to make informed decisions quickly.
It also reduces manual effort and ensures regulatory compliance through intelligent automation. What’s more, it supports cross-carrier search functionality with access to a comprehensive list of insurance data points, the firm says.