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Colorado Agency Using Loan Protector.
Solon, OH -- The Colorado Housing and Finance Authority has streamlined its residential mortgage servicing operation using Loan Protector's "LP direct," a Web-based ordering system for lender-placed insurance.
Loan Protector here said that by eliminating the need to work with paper forms, LP direct enables the CHFA to dedicate more resources and time to its core competency, which is providing housing alternatives to lower-income households. Using the Loan Protector system, the agency has direct access to all information regarding lender-placed insurance. Additionally, all lender-placed insurance documents generated by Loan Protector on behalf of the CHFA are imaged and available in real time through the secure LP direct website.
"LP direct has significantly reduced the amount of time spent following up on insurance coverages and requirements," said Tom Fleming, servicing manager for the CHFA, in a news release. "The technology is very sophisticated, but at the same time, very easy to use. We have access to all lender-placed insurance information, at any time of the day. LP direct greatly streamlines the lender-placed insurance process and allows us to concentrate on meeting the needs of our borrowers."
The CHFA credits the technological enhancements and dedicated support ...
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