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Specialized Business Software Creates Cloud Based Insurance Tracking and Lender Placed System
– Enables insurance agencies to easily help lenders stay in insurance compliance –
 

Solon, Ohio, October 6, 2017 – Specialized Business Software, with almost two decades of experience in custom insurance software development for the lender placed and insurance tracking industry, announces the release of a new software product, Intrex. This entirely new insurance tracking and force placed policy management system was built as a fresh approach to simplifying the process of keeping lenders in compliance in regards to insurance requirements on their loans.

Intrex is a full policy management system for lender placed insurance programs with robust insurance tracking functionality for both real estate and vehicle loan portfolios. Intrex is a completely new system designed to be as easy to use as possible with a minimal learning curve to start using it. The agency, the lender, or sub-agents can all use the system for their insurance tracking needs at the same time, with equal access for updating insurance records. Intrex can also be used as a stand-alone force placement system complete with premium rating, binding, and accounting.

Exposure notification is automatically generated in a pre-set cycle of letters help ensure regulatory compliance. At the end of this cycle of letters the loan can automatically bind with force placed coverage. Updating the loan with current insurance by either party will stop the letter cycle in real-time. A full set of imaged copies of all system generated letters is always available.

Intrex was developed from the ground up to take advantage of cloud infrastructure, this means that the client requires no IT setup or involvement. Any agency can now compete with the largest players in the industry as Intrex will elastically scale to handle any portfolio size. Data is automatically encrypted in transit as well as at rest and all datacenter facilities are certified or SOC 2 compliance.

“This brand new system was developed specifically to allow agencies to simplify the task of insurance tracking. By allowing all parties to have equal access to easily update insurance data you can ensure that the loan portfolio is always reflecting the most current coverage,” said Steve Wiser, president and founder of Specialized Business Software. “This is not some new modification bolted onto 10+ year old software, it was built with the express purpose of leveling the technology playing field for insurance tracking.”

If you have any additional questions, please contact Steve Wiser at 440-542-9145 or steve@specializedbusinesssoftware.com.

About Specialized Business Software

Since 1999, Cleveland-based Specialized Business Software has developed custom technology solutions for insurance, mortgage and financial services companies to enable them to improve business processes, operate more efficiently and increase profitability. SBS’ custom technology solutions automate routine tasks on behalf of the user, eliminating the need for spreadsheets and manual processes. For more information, please visit www.specializedbusinesssoftware.com.

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