iink requires your loan details to ensure that insurance claim funds are processed and distributed in compliance with your mortgage agreement and the policies of your mortgage company.
Why loan details are needed?
Verify mortgage company involvement.
- Loan details are used to identify the mortgage company and validate their role in the claims process.
Facilitate fund disbursement.
- Loan information allows iink to:
- Communicate with the mortgage company on your behalf.
- Expedite endorsements and fund releases.
- Ensure funds are distributed appropriately for property restoration.
Avoid delays.
- Mortgage companies may have specific requirements for:
- Handling claim checks, and inspecting repairs before releasing funds.
- Providing loan details ensures these requirements are met, avoiding unnecessary delays.
What loan details are needed?
- Loan Number: Identifies your mortgage account with the lender.
- Mortgage Company Name: Ensures communication with the correct entity.
- Property Address: Matches the claim with the insured property.
- Contact Information for the Mortgage Company: For direct coordination regarding endorsements or inspections.
How iink uses your loan details
Loan details are securely stored and used solely to communicate with your mortgage company, facilitate the claims process and track fund distribution.Ensuring your privacy
iink takes data security seriously. Your loan details are protected with industry-standard encryption, and used only for processing your insurance claim.
Providing accurate loan details helps streamline the claims process, ensuring timely endorsements and fund distribution.