Cloud-Claims is a thin-client based, service bureau neutral application that captures data from any mortgage servicing system and feeds a relational database that automates the claims preparation process.
The claim's preparation process is a challenging in its own right because it usually involves the collection ad processing of data from a process that can take as long as 24 months. In that time crucial data my be difficult to locate and is often inaccurate. So to bring process automation to this area of servicing is a challenge that has faced the developers of the Cloud-Claims application.
The Cloud-Claims application had to face the challenge of taking a tremendous amount of data, reconcile it and then populate industry standard Claims forms and then check it to ensure that it is acceptable for filing with Insurers and Investors. In order to help alleviate this problem the comprehensive rules engine identifies missing data and routes to the appropriate resource to correct it utilizing work queues and load leveling logic.
Provides process automation to the Claims preparation, filing and reconciliation process.
A critical step in claims processing is to send the completed and verified claim form to the Investors and MI Companies. CloudClaims sends all claim form electronicly to HUD, Investors and MI Companies.