New Assurant tool streamlines loan origination process

Assurant Launches New Tool for Mortgage Lending

Assurant has introduced HOIVerify Origination, a new digital tool aimed at enhancing the mortgage lending process. This tool automates insurance checks required for loan origination, potentially making the process smoother for lenders and borrowers alike.

Key Features of HOIVerify Origination

HOIVerify Origination focuses on automating the verification of home insurance policies before loans are finalized. By integrating this tool into the mortgage process, Assurant seeks to reduce delays often caused by manual insurance checks.

• Automation: The tool is designed to speed up the insurance verification process, allowing lenders to get essential information quickly.
• Efficiency: By minimizing paperwork and streamlining operations, HOIVerify aims to facilitate a smoother experience for all parties involved.
• Accuracy: Automating this step may help reduce errors and improve compliance with lending requirements.

Who Will Benefit?

Lenders will likely find HOIVerify Origination advantageous as it simplifies what can often be a complex verification process. Borrowers may also experience quicker loan approvals thanks to the expedited insurance checks.

Conclusion

Assurant’s launch of HOIVerify Origination represents a step toward more efficient mortgage lending practices. While the tool aims to enhance the current processes, its overall impact will depend on adoption and integration within the broader mortgage industry.

Original Source: https://fintech.global/2025/09/10/new-assurant-tool-streamlines-loan-origination-process/