Insurance Tracking

Insurance tracking is a feature within a loan management software that helps lenders monitor and manage various insurance policies associated with loans. The software allows lenders to store key details of the borrower’s insurance policy, such as Insurance company name and contact information, policy type (e.g., homeowners, flood), coverage amount and policy expiration date. This ensures compliance with loan terms, protects the lender’s interest in the property, and streamlines communication regarding insurance requirements.