Verify insurance from 91% of the homeowners insurance market
Canopy Connect, a leading insurance verification technology provider, announced a new integration using the latest API framework from Intercontinental Exchange (ICE) for mortgage technology and available via the marketplace in the ICE digital lending platform. This modern framework enables industry participants to integrate to ICE solutions and provide their services to loan originators and servicers through secure API-enabled technology. The integration allows flood and homeowners insurance policies to be verified via Canopy Connect directly within Encompass.
Canopy Connect powers automated insurance verification through consumer-permissioned data sharing. From Encompass, a user can order a verification and send a verification email to a borrower. The borrower clicks the link, finds their insurance carrier, and signs in with their carrier credentials. In seconds, verified policy information and documents are available directly in the lender’s Encompass loan file.
Read More on Fintech : Global Fintech Series Interview with Tate Hackert, President and Co-founder of ZayZoon
“This new integration with Encompass reflects our commitment to helping lenders more efficiently verify insurance,” said Tolga Tezel, founder and CEO of Canopy Connect. “Canopy Connect is transforming a process that used to require time wasted on hold and multiple reminders, into an automated 30-second transaction.”
Encompass users can learn more about the integration with Canopy Connect in the Marketplace.
Encompass Partner Connect™ enables the integration of key third-party products and services with ICE mortgage technology solutions. ICE does not own, control, nor endorse any specific industry participant or the product/service provided. Loan originators and servicers are responsible for vetting, selecting, and contracting with the providers of their choosing.
Catch more Fintech Insights : Global Fintech Interview with David Caruso, Vice President of Financial Crime Compliance at WorkFusion
[To share your insights with us, please write to psen@itechseries.com ]
