MORTGAGE LENDING

Close Loans Faster With Instant Insurance Verification

Canopy Connect powers automated insurance verification that increases speed and reduces manual processes.
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Powering customer-obsessed companies, fintechs, insurtechs, marketplaces, lenders, insurance carriers and more.
MORTGAGE LENDING

Watch a 2-Minute Overview

Mortgage lender closes another loan
MORTGAGE LENDING

Why Lenders Choose Canopy

Loan processors need to verify that a property has the right policy in-force, with the appropriate coverages, and the correctly named mortgagee.

Instead of requesting documentation from the borrower or the insurance carrier, which can take weeks, Canopy Connect enables lenders to verify insurance policies in 30-seconds with data directly from the carrier.

Additionally, lenders can make borrower-approved changes to the policy, such as editing the mortgagee.

Because Canopy Connect can be integrated into any system, your team members work in an environment they're familiar with and not switch between applications and spend unnecessary time on calls.
THE PROBLEM

It Takes Up to 30 Days to Verify Insurance

Manual processes frustrate borrowers and lenders alike. Slow submissions and verifications lead to costly delays that can be eliminated with Canopy Connect.

Insurance Requirements Are Complex

In addition to Fannie Mae requirements, each lender has different requirements. Tracking these requirements can be challenging with manual processes.

Getting Proof is Time Consuming

Borrowers provide proof of insurance in a variety of document types, formats, and large attachments. This makes automated parsing challenging.

Ongoing Compliance is Challenging

Originators that also service their loans face challenges getting updated insurance documents that meet the requirements.
THE RESULTS

Canopy Connect Streamlines the Close Process

Traditional Manual Workflow

What you're doing now, doesn't scale.

Up to 30 days to verify insurance

Manual processing requires human interactions on all applications

Difficult to verify ongoing coverage in case of cancellations or changes

Canopy Connect Workflow

Speed up, automated it, and integrate it.

Verify insurance in seconds

Enables automated processing of requirements against your lender rules

Verify ongoing coverage with structured data and documents

See How Efficient Insurance Verification Can Be

Let's explore your use case and implement an insurance verification solution, together.
THE SOLUTION

Canopy Connect is Insurance Infrastructure

We enable users to quickly and securely share their insurance information through integrations with the nation’s top carriers.
Canopy Connect Integrates with more than 300 insurance carriers

Insurance Integrations

250+ insurance carrier integrations covering more than 90% of the market.

Insurance Information Parsing

Imports and structures insurance documents, policy details, contact, information, driver data, claims history, and enriches critical information.
Vendor Integrations from Canopy Connect

Multiple Connectivity Options

Access verified insurance information the way that works for you.
INSURANCE DATA

Broad & Deep Market Coverage

With access to more than 300 of the top insurance carriers in personal and commercial P&C. Canopy Connect has the market covered.
96%
Auto Insurance Market Coverage
91%
Homeowners Insurance Market Coverage
56%
Commercial Insurance Market Coverage
5.6
Seconds to Transfer Policy Data from the Insurance Carrier
INSURANCE DATA

250+ Insurance Data Fields in Seconds

Canopy Connect's API enables you to receive fully-structured P&L personal and commercial insurance data directly from the insurance carriers in seconds.

Homeowner Policy

344 Clinton Street, Brooklyn, NY 11231
Policy #
HOI3248
Policy Start
11/07/2023
Policy End
11/06/2024
Premium
$1,717.41
Coverage
Limits
Premium
Dwelling
$288,380
$1,430.12
Other Structures
$28,838
$32.76
Personal Property
$144,190
$170.62
Loss of Use
$57,676
$62.03
Personal Liability
$100,000
$14.02
Medical
$1,000
$7.86

Claims History - Home

Homeowner Policy: #HOI13248
Date
Type
Payout
12/18/2021
Wind/Hail
$5,217
09/23/2019
Fire
$12,255
11/29/2017
Water
$8,460

Property Data

344 Clinton Street, Brooklyn, NV 11231
Year Built
1950
Property Class
Single Family
Square Footage
934
Bedrooms
2
Full Bathrooms
2
Partial Bathrooms
1
Stories
2
Units
1
Purchase Date
06/29/2016
Purchase Price
$340,000
Last Updated
04/14/2022

Building Data

344 Clinton Street, Brooklyn, NY 11231
Construction Type
Brick
Wall Type
Brick
Foundation Type
Concrete
Frame Type
Wood
Roof Cover
Single
Roof Shape
Pyramid
Cooling Type
Central
Heating Fuel
Gas
Has Fireplace
Yes
Pool Type
No Pool
Garage Type
Attached, 1-Car
Garage Square Ft
240
Parking Spaces
1

Property Value Data

344 Clinton Street, Brooklyn, NY 11231
Assessed Values
Improvement Value
$114,126
Land Value
$171,158
Total Value
$285,284
Market Values
Improvement Value
$152,334
Land Value
$288,501
Total Value
$380,835
Owners
Owner 1 First Name
Clark
Owner 2 Last Name
Kent
Owner 2 First Name
Lois
Owner 2 Last Name
Lane

Supercharge Your Insurance Verification

Stop manual insurance verifications and start building it into your process.
PROTECTION

Trusted and Secure

Canopy Connect is building the infrastructure that powers best-in-class insurance experiences. Deliver delightful, intelligent and frictionless insurance services, trusted by leading insurance innovators.
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Rigorous Security Standards

We are SOC II Type 2 Certified, following strict information security policies and procedures.
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Compliance Monitoring

Our infrastructure is continuously monitored for security and compliance.
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End-to-end Encryption

We keep your data encrypted every step of the way. We use 256-bit AES encryption at rest and TLS 1.3+ in transit.

Contact us

Schedule a consultation with a Canopy Connect expert to see how we can apply our insurance verification API for your business.