CV-VaaS
Verification as a Service, our innovative lender solution, streamlines insurance verification
Streamline the lender-insurer connection
Lenders and insurers spend countless hours communicating with each other, but they still have no common language for key information identifiers such as loan, policy, and claim numbers. The process of moving critical data elements can be time-consuming and expensive.
CV-VaaS™ is here to help streamline insurance verification. It’s one part of the full CV Services suite of compliance and lienholder-insurer communication solutions.
A single data feed
A single data feed
Lienholder-verification processes can be manual and inefficient; some insurers report 10% of inbound contact comes from lenders.1
Key identifiers that connect information—loan, policy, and claim numbers—are different. And there’s been no aggregate source of critical data points—until now.
Introducing a lienholder-verification database and services that drive efficiencies, promote compliance, and lighten the workload across the lender/insurer ecosystem
Innovative solutions that make sense
Innovative solutions that make sense
- Streamline quoting, policy administration, and claims
- Leverage data science and compliance expertise
- Cut inbound contacts and better deploy staff resources
- Connect lien, policy, and claims details more accurately
- Improve service time and customer satisfaction
- Increase competitiveness and help optimize ROI
CV Services: Reporting Compliance Made Efficient on-demand webinar
CV Services: Reporting Compliance Made Efficient on-demand webinar
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 help you remain compliant while optimizing your spend and streamlining your verification workflow.
Additional insights
Simplify, streamline, and automate the total loss process
When a vehicle is deemed a total loss, it can take days or weeks for the auto insurers to notify and pay the lienholder.
Read the article
New tools translate to higher lender/insurer efficiency
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
Simplify the lender-insurer information exchange
The manual process needs automation, which can benefit both lenders and carriers
Read the article
