Powering customer-obsessed companies, fintechs, insurtechs, marketplaces, lenders, insurance carriers and more.
MORTGAGE LENDING
Watch a 2-Minute Overview
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.
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.
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.
Multiple Connectivity Options
Access verified insurance information the way that works for you.
INSURANCE DATA
Broad & Deep Market Coverage
With access to more than 250 of the top insurance carriers in personal and commercial P&C. Canopy Connect has the market covered.
95%
Auto Insurance Market Coverage
90%
Homeowners Insurance Market Coverage
56%
Commercial Insurance Market Coverage
5.6
Seconds to Transfer Policy Data from the Insurance Carrier
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.
Rigorous Security Standards
We are SOC II Type 2 Certified, following strict information security policies and procedures.
Compliance Monitoring
Our infrastructure is continuously monitored for security and compliance.
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.