Loss Payee, Mortgagee, and Producer Notifications
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. It’s one part of the full CV Services suite of compliance and lienholder-insurer communication solutions.
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:
Allows lenders to verify insurance without calling or mailing the insurer.
At the intersection of insurance and lending often lies complex processes for keeping third parties with insurable interest informed about changes affecting their collateral.
Learn more about the efficiency gains achieved through utilizing Verisk’s innovative Coverage Verifier automated compliance solutions. Get off the reporting treadmill using a single data feed. Our services can help you remain compliant while optimizing your spend and streamlining your verification workflow.
For insurers, validating correct lienholder information on loss payable and mortgagee clauses can be a long and cumbersome process.Read the article
Lienholder and additional interest notifications, returned mail, producer notifications, and escrow invoices can move faster if insurers have the right tools.Read the article
Verisk is rolling out CV-VaaS (Verification as a Service) to connect key information between lenders and insurers via a new contributory database.Read the article
CV-ALIR is the simplest way to satisfy your statutory obligations to report automobile coverage to state departments of motor vehicles (DMVs).