Assurant, Inc [1]. recently 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.
“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, SVP, 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.”
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 has also made enhancements to its Title and Mortgage Technology product lines in an effort to create a better user experience while streamlining the overall appraisal management process—called Assurant LenderX. In addition, American Title, Inc (ATI), an Assurant Company, has introduced eSigning to better the borrower’s experience and reduces time and paperwork for everyone involved.