New Features Added to Loan Protector's EasyTrack and EasyPlace

Loan Protector Insurance Services, a leading independent provider of customizable lender-placed insurance programs for lenders and mortgage servicers, announced several new product features to EasyTrack and EasyPlace. The new features have expanded the reporting capabilities and improved the overall functionality of the products. The latest additions are the direct result of customer feedback. Loan Protector has six scheduled updates a year to ensure it provides its customers with the most robust, up-to-date technology available. As a result of the enhancements, the overall functionality of EasyTrack has been improved. EasyTrack is ideal for servicers who outsource their entire insurance tracking portfolio. It helps them manage insurance, escrow and verification processes in a secure, online environment. One new feature of EasyTrack provides customers with an online detailed billing statement, called the Monthly Billed Premium Statement, which shows the outstanding balance of all certificates in the system. Other enhancements include the ability to send logs of notable claims activity to the client’s servicing system, making claims information readily available to all servicing system users.

EasyPlace also now features additional reporting capabilities. The enhanced Claims Status Report gives EasyPlace users the ability to view even more detailed claims information online, and a new Monthly Claims Activity Report provides a useful management summary of all claims activity for a client. Another enhancement provides grouping and subtotals by bank unit and investor on important management reports. EasyPlace allows customers to immediately order and cancel lender-placed insurance via a secure, user-friendly Web site that offers 24-hour direct access to all information regarding lender-placed insurance.

These new features were implemented through Loan Protector’s sister company, Specialized Business Software, a software development group. “We’re pleased to continue our efforts in striving to set the industry standard by continually enhancing products to better meet the needs of our customers,” said Ron Wiser, president of Loan Protector. “We are dedicated to delivering advanced technology and ensuring through customer feedback, research and development that the system continually improves.”