Get more done with less noise.
Lienholder and interested party notifications, return mail, and escrow invoices can be a stress-filled drain on many insurers’ resources. Modernization can help bring order and efficiency to these processes.
CV-Exchange® is here to help turn down the noise on notifications.
Where insurance and lending meet
Informing third parties with insurable interest about changes affecting their collateral can cost your staff time and postage. Chances are, your company is contending with:
Returned mail caused by input errors
Lienholder phone calls and e-mails
Archiving returned notifications
Labor-intensive invoicing
Tame the logistics with data
Loss payee, mortgagee, and interested party notifications
Find and fix defects in lienholder and interested party addresses.
Escrow invoicing
Reduce time between invoicing and payment.
Producer notifications
Alert agents about returned mail.
Turning Down the Noise on Your Notifications
At the intersection of insurance and lending often lies complex processes for keeping third parties with insurable interest informed about changes affecting their collateral.
Pursuing peace and quiet in third-party notifications
CV-Exchange offers NoticeLink®, a web portal that lenders access to receive notifications, eliminating delays caused by the mail process.
CV-Exchange: On Demand Product Spotlight Webinar
It can be expensive and time consuming for many insurers to create and maintain notification systems that comply with reporting requirements—and keep up with law and regulatory changes. This effort extends beyond insureds to third parties, including DMVs and lienholder, among others. Learn more about how we can help mitigate the strains on your compliance efforts.
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