Loan Protector Adds Policy Scheduling to EasyTrack(SM); New Feature Offers More Detailed Property Information.CLEVELAND Cleveland, former county, England Cleveland, former county, NE England, created under the Local Government Act of 1972 (effective 1974). It was composed of the county boroughs of Hartlepool and Teeside and parts of the former counties of Durham and -- Loan Protector protector /pro·tec·tor/ (-tek´ter) a substance in a catalyst that prolongs the rate of activity in the latter. Insurance Services, an insurance tracking and verification outsourcer specializing in the mortgage industry, announced that it has enhanced EasyTrack to include a policy scheduling feature that enables servicers to store more detailed information for each client's insurance status. The policy scheduling feature affects mainly commercial policies. EasyTrack can now store individual insurance limits, deductibles and policy characteristics at the collateral level for multiple property policies that contain scheduled coverages in relation to an individual property. For instance, detailed coverage information on a community center would be included with the information on the apartment buildings in one policy. "This level of detail allows servicers to have specific information on the different properties that are covered under one policy," said Ron Wiser, president of Loan Protector. "Servicers can now have more insight to what the policy actually covers." The new feature also allows EasyTrack to 1) store different lines of coverage specific to a collateral under the same policy; 2) add or cancel coverage to a specific collateral without affecting the policy's "in-force" status; 3) display the insured location on bills to better define which location a bill is paying for; and 4) store loss payment endorsement, loss payee Loss payee A party to whom an insurance loss payment or insurance settlement may be directly paid. , mortgagee mortgagee n. the person or business making a loan that is secured by the real property of the person (mortgagor) who owes him/her/it money. (See: mortgage, mortgagor) MORTGAGEE, estates, contracts. He to whom a mortgage is made. and additional insured information. "Our goal at Loan Protector is to ensure we provide our customers with the latest technology for them to work more efficiently," Wiser said. "That is one of the reasons why we release six to seven enhancements to EasyTrack a year." "By better reflecting the actual structure of these complex insurance policies we provide our clients the opportunity to more accurately and efficiently handle tasks that were extremely difficult in current environments," Wiser said. "We are constantly looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to improve access to important information using the latest in technology solutions." About Loan Protector Loan Protector is a leading independent outsourcer of customized mortgage insurance tracking and verification programs, designed to fit each lender's specific requirements. Loan Protector offers a complete line of insurance tracking products, including hazard and flood insurance Flood insurance denotes the specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands and floodplains that are susceptible to flooding. tracking for commercial and residential mortgage servicers. Using its state-of-the-art proprietary software, EasyTrack(SM), Loan Protector helps loan servicers  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. manage their insurance, escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. and verification processes in a secure, online environment. For more information about Loan Protector call 800.545.6580 or visit www.loanprotector.com. |
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