CV-VaaS™

Verification as a Service, our innovative lender solution, streamlines insurance verification

 

A cross-industry communication breakdown

Today, the exchange of information between most insurers and lienholders happens via phone, email and, worse yet, snail mail. The process of moving critical data elements can be time consuming and expensive.

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The problem: Lenders and insurers don’t “speak the same language”

Key identifiers that connect informa­tion—loan, policy, and claim numbers—are different. And there’s no aggregate source of critical data points.

Lienholder-verification processes can be inefficient; some insurers report 10% of inbound contact comes from lenders.1

Introducing a lienholder-verification database and services that drive efficiencies across the lender/insurer ecosystem

Loan Verifier™


CV-VaaS™


Lien:Check™


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 claim details more accurately


Improve service time and customer satisfaction


Increase competitiveness and help optimize ROI


The Trifecta of Efficiency

Loan Verifier data powers CV-VaaS to help us all speak the same language

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Webinar: Insurance Verification On Demand: CV-VaaS

If you struggle to verify insurance coverage or share information with your borrower’s insurer, you may be stuck in a communication quagmire that consumes resources and diminishes the customer experience. View our webinar on demand to learn more about the potential efficiency gains from CV- VaaS.

View the webinar on demand

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

 

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Yes, I’m interested in learning more

Complete the form to the right and we will contact you.

I’m interested in applications to improve the efficiencies for:

1. Verisk client experience