Harbor Group’s in-house tracking department was created and designed for lenders and servicers who do not have the internal resources or expertise to monitor insurance renewals, tracking all insurance exposure or renewal changes.
Our seasoned professionals work closely with insurance experts who track renewals versus an automated mass-produced model.
Insurance tracking competencies include:
- Business contract review
- Litigation support
- Insurance shortfalls issues
- Annual policy reviews
Some of the benefits of utilizing our annual tracking service are:
- Improved insurance data quality
- Reduced operational expenses associated with insurance tracking
- Streamlined tracking process that eliminates confusion and cumbersome work
- Identified insurance exposures through portfolio scanning
- Submittal of notice of requirement letters to borrowers with missing insurance
- Automatic coverage for uninsured losses which occur during the borrower notification cycle