Lemonade joins Clear HOI platform for insurers and mortgage lenders

Detroit-based Nexsys Technologies has partnered with Lemonade now that the insurer has joined its Clear HOI platform. With the platform, verified lenders can retrieve current insurance policies instantly, and insurers can always be confident that the consumer has provided consent for sharing their Declarations Page. “Now that Lemonade has joined the Clear HOI platform, mortgage lenders will be able to use the innovative tool with even more clients.”

“Home financing has been totally redesigned, transforming it from a pen-and-paper system to a completely digital experience for more and more lenders. As mortgage lenders are adapting to this new reality, they are realizing sticking points where technology can be injected to clear hurdles and improve the process. Clear HOI is a solution that adds 21st-century innovation to one of the remaining manual steps in the mortgage transaction. We are proud to have Lemonade on board. We are quickly seeing the mission of Clear HOI being realized as more lenders and insurance providers sign on. We are approaching a tipping point where companies will realize that offering Clear HOI, and other innovative Nexsys tools, will allow them to compete and deliver a better experience for their clients.” – Mike Lyon, Executive Vice President of Nexsys Technologies.

Nexsys Technologies has also developed a set of application programming interfaces (APIs) allowing mortgage lenders to securely pull in evidence of insurance directly into their loan origination systems (LOS) – ensuring that a client’s privacy is protected.