Lending
3
 min read

Mortgage Lenders Can Verify Insurance in Minutes, Not Days

Published on
April 19, 2024
Contributors
Elizabeth Reed

Content Marketing Manager

The mortgage lending industry has grown far too comfortable with slow-moving processes, like waiting weeks to get a borrower's insurance verified. This suffering is entirely avoidable—Canopy Connect’s solution has transformed the process so that lenders can instantly retrieve the necessary coverage details. With our solution, insurance verification goes from weeks to seconds. 

Streamlined Verification:

Canopy Connect reimagines the insurance verification process. By leveraging secure API connections, Canopy Connect swiftly pulls crucial insurance details, like declarations pages, and settlement bases, and more—ensuring accuracy and reducing processing time. Our insurance data intake solution quickly collects the necessary information for lenders to meet their requirements, without the wait times. 

Instant Access:

Through Canopy Connect, borrowers can effortlessly share their insurance information with lenders. With just a few clicks, borrowers connect their insurance information, enabling lenders to access the necessary data in seconds, without the hassle of manual requests and follow-ups.

Enhanced Efficiency:

Canopy Connect's streamlined access translates into unparalleled efficiency for mortgage lenders. Tasks that once took days, or weeks, to complete now require mere seconds, allowing lenders to process applications swiftly and provide clients with a seamless refinancing experience. 

Lenders can even make borrower-approved changes to the policy, including the option to edit the mortgagee. By empowering lenders to make borrower-approved changes, our mortgage lending solution enhances collaboration and efficiency, ultimately leading to a smoother and more seamless insurance experience for all parties involved.

Improved Client Satisfaction:

The efficiency and convenience offered by our solution for mortgage lenders contribute to elevated client satisfaction. Borrowers experience a hassle-free journey, free from delays and frustration, while lenders can deliver exceptional service and secure new clients with ease.

Adaptability and Innovation:

Canopy Connect represents a forward-thinking approach to mortgage financing. As the industry evolves, embracing tools like Canopy Connect is essential for lenders looking to stay ahead and meet the evolving needs of clients in the digital age.

Say goodbye to the frustrations of manual processes and embrace the speed and convenience of Canopy Connect. Experience the transformative power of streamlined insurance verification.

Ready to revolutionize your insurance verification process? Get started with Canopy Connect today.