Farmers Insurance adds API to Nexsys Clear HOI℠ for secure, automatic insurance verification and more
In a recent press release, Farmers Insurance announced that they have directly integrated their API with Nexsys Clear HOI to bring speed, simplicity and efficiency to their clients’ verification of homeowners insurance. This collaboration adds to the growing recognition of Nexsys Technologies’ modern digital solutions compared to other inefficient methods that can ultimately be more costly for insurers.
“This shared technology collaboration with Nexsys enables us to provide real-time, automatic insurance verification for mortgage lenders and our customers closing a mortgage — helping us fulfill our mission to provide first-rate, on-demand, personalized customer experience,” said Aidan Mc Glinchey, Head of Strategic Planning and Execution at Farmers Insurance.
Nexsys Clear HOI allows verified lenders to retrieve current insurance policies instantly. For insurers, the platform automates third-party requests and lender communication that increases efficiencies for agents and contact centers. The platform is secured via industry-leading encryption. Farmers Insurance has delivered more than 20,000 insurance declaration pages through the Clear HOI integration since March. Almost 90% of loans sent through Nexsys benefitted from the streamlined, automated experience.
The platform is part of Nexsys Technologies’ larger mission to provide software that creates simpler, digitized experiences for real estate transactions.
“More of the mortgage process now takes places digitally, but many lenders and insurance companies still rely on humans talking to each other over the phone, which can lead to inefficiencies and delays,” said Mike Lyon, Executive Vice President of Nexsys Technologies. “We are proud to add Farmers to a growing list of insurers that share our vision to make the process better for all involved.”
Discover the technology that impressed Farmers Insurance – sign up for a Nexsys Clear HOI demo today.