Additional Interests are people, companies, and other entities (mortgagee, lienholder, loss payee, and additional insured) interested in a specific insurance policy. Several different types of Additional Interests may be listed on a single policy.
Mortgage Lenders can access the Additional Interest screens many different ways within Insurance Inquiry:
- Clicking Update Additional Interests on the Policy Information screen.
- Matching information on the Additional Interests screen.
- Verifying an update and reviewing the results.
In the Insurance Inquiry application the Additional Interest can replace, or take the position of, a lender currently on the policy. Using the Additional Interests screen, you can replace the lender from whom you acquired the servicing rights. A portion of the Additional Interests screen is displayed below.