You may have heard it here first – the news about us releasing Nexsys Clear HOI, our groundbreaking homeowners insurance verification platform. (Hey, it was hard to keep something that great under wraps.)
But now, it’s been officially unveiled to the industry and the media. Here’s a high-level look at what we had to say:
“Nexsys Technologies, a FinTech company and subsidiary of Rocket Companies (NYSE:RKT) that provides a suite of essential tech solutions for mortgage origination and closing, today officially released its Clear HOI platform to mortgage lenders nationwide. Clear HOI digitizes and automates the communication between mortgage lenders and homeowners insurance (HOI) companies. Nexsys has spent more than a year refining the solution with its sister company, Rocket Mortgage, while adding many of the largest insurance providers to the platform. The tool is now available for any lender looking to streamline their mortgage process.”
“Clear HOI establishes consistent communication between lenders and insurers because policy information is delivered in the same format every time. This innovative tool also delivers a secure platform – with multiple authentication mechanisms – to ensure that client data is protected. The product utilizes cloud-based technology and an industry-leading encryption process. Client data is never saved, so the platform doesn’t open lenders or insurers up to potential privacy concerns.”
“Using an Application Programming Interface (API), Clear HOI can be integrated into the lender’s loan origination system, or the lender can use the Clear HOI online portal. Lenders using this innovative technology for real-time insurance verifications will create a more streamlined and secure digital experience.”
“Three of the top five property and casualty insurers have already joined the Clear HOI platform. A few of the companies already participating include Allstate®Insurance, Liberty Mutual®, Farmers® Insurance Group and Lemonade Insurance Company.”
Want to read the press release in its entirety? (Seriously, who doesn’t?) You can find it here.
So, what’s the bottom line on Nexsys Clear HOI?
Clear HOI is a great tool for lenders and insurers who want to improve their HOI verification methods. It cuts the cord on outdated processes, digitally transforms a process that used to take days into seconds and virtually eliminates the chance of manual-input errors. Contact us and we’ll give you the details.