Additions to Valuations, Mortgage Technology and Title Product Lines Previewed at MBA Expo
NEW YORK, Oct. 30, 2017 — Assurant, Inc. (NYSE: AIZ), a premier global provider of risk management solutions, announced the release of a series of new products and product enhancements from its Mortgage Solutions division designed to address some of the challenges surrounding the rapidly evolving mortgage valuations and title sectors. This includes new valuations, mortgage technology and title products and enhancements, all of which were previewed for current and prospective clients last week at the Mortgage Bankers Association’s Annual Expo in Denver.
Partnering with top industry originators, Assurant has developed the Assurant Hybrid Appraisal, enabling customizable hybrid desktop appraisals with an interior inspection to replace traditional appraisals for lower-risk properties. This alternative appraisal is coupled with a proprietary property risk and complexity screening tool that identifies low-risk properties and utilizes trained inspectors, significantly reducing valuation turn times without compromising quality or compliance.
“Assurant partners with and really listens to our clients to understand the challenges they face so together we can adapt to market demands,” said Dan Hoppes, Senior Vice President, Mortgage Solutions at Assurant. “We are focused on innovation that enables us to meet our client’s need for a faster, streamlined appraisal process, while maintaining compliance and reliability.”
Assurant has also made significant enhancements to its Title and Mortgage Technology product lines. These enhancements are client-centric to create a better user experience while streamlining the overall appraisal management process. Assurant LenderX – an easy-to-use portal for managing appraisals, communication, invoicing, tracking and borrower delivery now offers:
- Appraisal Fee Services: Integrates with Automated Fee Services, Inc. (AFS), the industry leader in lending and risk management solutions for financial institutions, to manage the accounting function by collecting payments from the borrower.
- CompareDoc: Compares original and revised appraisals with easily identifiable, highlighted changes.
- Staff Appraiser Program: Assurant-endorsed appraisers are held to a higher standard and provide faster turnaround times with high-quality reporting.
In addition, American Title, Inc (ATI), an Assurant Company, has introduced eSigning to enhance the borrower’s experience and reduces time and paperwork for everyone involved. ATI is also set to roll out a new product that provides originators with an alternative to traditional title that saves time and better aligns risk with cost.
Assurant (NYSE:AIZ) is a global leader in risk management solutions, helping protect where people live and the goods they buy. Millions of consumers count on Assurant’s innovative products, services and support for major purchases like homes, cars, appliances, mobile devices and funerals. Assurant partners with leading companies that make, sell or finance those purchases to take great care of their customers and help their business grow. A member of the Fortune 500, Assurant has a market presence in 16 countries worldwide. As of June 30, 2017, the company had $30 billion in assets and $6 billion in annualized revenue. Learn more at assurant.com or follow us on Twitter @AssurantNews.