Lenders Mortgagees Module

October 16, 2007

Certificate of insurance management system module provides win-win solution for Insurance Agents, Lenders, Mortgagees and condominium unit Owners. The challenge normally associated with this line of business has always been the ability to provide the lenders with immediate certification of coverage when a condominium unit is being purchased by a new owner.

This is typically a last minute transaction made by the lender prior to the close of escrow. A certificate of insurance request like this never fits into a daily schedule and most often disrupts normal workflow forcing the agency staff to drop what they are doing and issue the needed documents.

The eCertsONLINE Lenders Mortgagees module provides a win-win solution to this problem by enabling the individual lenders to self-issue an ACORD 24 online 24/7 anytime, anywhere, all within a secure password protected environment.

Within the eCertsONLINE system a master template is provided by the agency. User preferences and settings provide the lender, escrow company and/or legal representative limited access to add new unit owner(s) and lender information - then immediately, print their copy for the closing.

Using the eCertsONLINE Lenders Mortgagees module, the agency staff is able to meet the immediate demands and provide timely enhanced customer service to the association without the additional work of issuing the certificate of insurance documents themselves.

Interested in learning more about the eCertsONLINE Lenders Mortgagees module? Talk to an eCertsONLINE representative 1-206-784-5157 or request a product demonstration via the web.