The amount an insured must pay out of pocket before an insurer will cover the remaining cost of repairs.
Codes used by lenders to prevent certain transactions from automatically processing
Term used to describe codes within a lenders computer system which can be used to define specific actions required to be taken based upon the content of that data
A tracking process whereby the lender only provides data no those loans without existing proof of insurance
SWBC's online web portal system
A document issued on a specific loan/collateral evidencing insurance beneath the primary policy
Term used to describe the process involved in managing insurance documents received by a lender
An endorsement that provides coverage for a loss to a property even if a the carrier was unaware of the risk.
A FEMA mandated form showing a building is properly elevated.
The process of matching a lenders data fields to the vendors data fields for import
A type of insurance policy used to cover risk to a piece of collateral and eliminating the need to track each insurance policy separately
An acronym for Lender Placed Insurance
A term used to describe a client whose lpi program is being handled via data interfaces
An acronym referring to the previous amount of insurance coverage in place on a specific piece of collateral
Another term used to describe letters issued to consumers notifying them that evidence of insurance is required
A term used to describe the procedures to be followed when processing a lenders portfolio
An acronym used to describe the electronic transfer of data from one party to another
A term used to identify information that the computer system was unable to automatically process
The person or company to which an insurance company makes payment in the event of a loss
A term used to describe a code established within a lenders computer system identifying a specific party that is to receive payment on a specific premium invoice.
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