Insurance Tracking Services
Outsource your tracking program to GAA completely and avoid the headache of tracking collateral internally.
Simply mail, scan or email your work to GAA and let us do the work while answering phone calls and protecting your bottom line and customer base.
Our program uses the latest state of the art technologies to deliver results that will drive the amount of lender placed policies down, saving you charge off expenses and encouraging the borrower to obtain their own coverage. This keeps them in their vehicle or residence making their payments.
GAA will perform a full audit of your insurance status and provide your loan portfolio with a clean bill of health within six months.
We’ll even back that up with our Automatic Coverage Guarantee. This means that in the event of a loss when there is no lender placed certificate or borrower coverage in force, GAA will issue a certificate to cover the loss.
Our approach is to protect your bottom line by moving the risk from the lender placed policies to the borrower’s policies through a series of letters to the borrowers and phones calls to the agents. GAA can track any type of loan in this manner.
Benefits of the Program
- Lower Charge Offs
- Low Administration
- Less Claims
- Borrower Pays Premiums for Breaks in Coverage
- Access all programs and files through a secure web portal
- Free Imaging of documents
The Lender may participate in the program as little or a much as they like, from tracking the loans themselves or just receiving high level reports of GAA’s activity.
