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GE Mortgage Insurance is offering what it says is the industry's first real-time, online claims service.
The system substitutes online access for traditional paper and fax filings,
GE said. Claim submissions are analyzed and settlement amounts and dates, including estimated adjustments, are made almost immediately, according to the company.
Richard Nastasi, GE Mortgage Insurance's e-business leader, said the speed and ease of use "will mean significant productivity gains for our customers."
"From prefilled data to the ability to request wire transfer of claims settlement funds, COW means greater certainty and superior service in claims processing," Mr. Nastasi said.
The service is available through the "speed and productivity tools" section of the GE Mortgage Insurance website ...
Source: HighBeam Research, GE Automates Claims on the Web.(General Electric Co. Mortgage...