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Solon, OH -- After revamping its insurance tracking product for lenders of small-to-midsized mortgage loans, Loan Protector, an Ohio-based outsourcer of mortgage insurance tracking and verification programs, has renamed its EasyLink product to EasyData to better describe the product's attributes.
EasyData offers lenders up-to-date, digital homeowners insurance information from more than 85 insurance carriers. EasyData is ideally for lenders who prefer not to outsource their insurance tracking process, but who would benefit from receiving insurance information from major carriers electronically.
Previously, large servicers have been using this type of data interchange for years, but Loan Protector can now offer this type of service to any size portfolio.
"Although it has a new name, EasyData will continue to provide lenders with the automation they need to help streamline their businesses," said Ron Wiser, president of Loan Protector.
The EasyData system involves electronically sharing homeowners insurance information with lenders. EasyData is designed to act as a digital insurance information clearinghouse, gathering homeowners insurance from all major insurance ...