In a recent white paper we published, our compliance experts provided a rationale for engaging a third party vendor that specializes in insurance claims management to help servicers overcome the compliance risks our industry faces today. We covered claims for pre-foreclosure and REO property hazard insurance, flood insurance, auto insurance and more. That paper is available now on our website. We welcome you to download it to find out more about why outsourcing insurance claims management can mitigate your compliance risk.
We are very happy to report that many executives from around our industry have already downloaded the paper and we have received good reviews of the material. But we also received a few excellent questions and we’d like to address some of them in this post.