MERS® HOI HubTM
On-Demand Homeowner’s Insurance Verification
MERS HOI Hub brings together insurance providers and mortgage lenders on an innovative platform to perform on-demand Homeowner’s Insurance (HOI) verification. Streamline your organization’s HOI verification workflow with MERS HOI Hub and eliminate the inefficient manual processes and wasted time associated with traditional HOI verification processing.
Note: MERS System membership is not required to use MERS HOI Hub as a lender or insurer.
Lenders and Insurers
Ready to automate your HOI verification workflow and unlock new efficiencies for your company?
Eliminate Manual HOI Verification
Current HOI verification is a time-consuming manual process for lenders and insurers involving phone calls, faxes, paperwork and wasted time. MERS HOI Hub digitally connects participating lenders and insurers, transforming HOI verification from a process that used to take days into seconds.
The following insurance providers are currently integrated with the MERS HOI Hub platform: Allstate, Auto Club Enterprises, Farmers, Lemonade, and Nationwide. We are actively engaging with other insurance providers to increase participation.
Lender Benefits:
- Quickly retrieve current and renewal policy information from any insurer in our network either via API or through our web portal.
- Automated HOI verification speeds up underwriting and virtually eliminates data entry errors.
- Utilize two types of HOI verification to support your needs at different points in the origination process:
Brief Policy Request:
- A free inquiry usually performed early in the origination process to check whether a property is covered by an insurance policy.
- Commonly used for a mortgage refinance.
- Returns limited information.
Evidence of Insurance (EOI) Request:
- A fee-based inquiry normally performed once a loan is approved.
- Used to verify that coverage is adequate and review specific policy details.
Insurer Benefits:
- Eliminate manual processing of lender HOI verification requests with an automated solution.
- Low barrier to entry with an intuitive, lightweight API that supports quick implementation and "lights out" processing.
- MERS HOI Hub is owned and operated by ICE, a proven provider of secure global technology platforms.
- Signed consent by the insured is a required, auditable part of our HOI verification process.
- Your HOI verification responses to lenders are always sent in a consistent, compliant format.