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.