RecoverNow,® our automated, online insurance recovery management system, helps you file and manage claims on vacant preforeclosure and REO properties.
As part of the RecoverNow process, we build data bridges with your service providers who help manage your properties. Property inspection data, including photos, is then sent to us daily via an electronic data file and uploaded into our system. If there’s damage to a property and the insurance policy is in force and is underwritten by one of our affiliated companies, the claim moves forward to our insurance claims department without human intervention. If an outside insurance company is the carrier, the claim will be sent to the appropriate queue for submission.
Features and benefits:
- Claims are filed within an average of four business days from the date the inspection report or damage assessment is completed and uploaded into our system.
- Competitive service fees compared to other third-party administrators (TPAs) can provide your investors with a higher percentage of their actual claims settlements.
- Property assessments, claims filing and recovery transactions are tracked within a single operating system for efficient file management and enhanced reporting capabilities.
Services are available based on state law limitations. © 2011 Mortgage & Auto Solutions, Inc.