Modives

It's almost 2025. Is your team still taking time out of their day to sit on hold with insurance carriers? Get CheckMy Driver to eliminate phone calls, fax machines, and paper documents from the insurance verification process. Talk to our team to learn more: https://hubs.ly/Q02ZksVB0 #insuretech #autosales #insuranceverification #finance #insurance

Recent data shows that car loan terms are climbing. ?? Credit bureau Experian reported that the average car loan term is 68.48 months as of Q2 2024, a slight increase compared to that same period last year. Because a longer loan term allows consumers to lock in lower monthly payments, albeit in exchange for a higher total price tag, this trend may reflect the struggle for affordability as inflation persists. Regardless of the underlying causes, auto lenders also need to consider how this affects their risk profile. If your consumer takes longer to pay off their vehicle, you’ll need to make sure it’s protected for the entire term. Talk to our team to learn how you can continuously monitor your customers’ insurance with CheckMy Driver. https://hubs.ly/Q02Zk1GK0 #insuretech #autosales #insuranceverification #autolending #financing #autoloan

Looking to cut dealership costs going into 2025? Your insurance verification process might be costing you more than you think. ?? Find out how much you’re spending on F&I busy work with our calculator: https://hubs.ly/Q02YV7PT0' #insuretech #autosales #insuranceverification #efficiency #dealership #2025

In this month's issue of Auto Finance Insider ??, we’re?talking about the biggest news stories in November.? ? Read on to learn about the?rise in auto insurance fraud, a recent LA case that made national headlines, and investors' surprising relationship with auto loans in a high-risk market. #insuretech #autosales #insuranceverification #carsales #autofinancing #autonews #autoloans #insurancefraud

Looking for a better way to make sure your customer's insurance stays active? Don't settle for reactive tracking systems that rely on additional interest letters and external databases to detect a cancelation. With Modives, you can unlock a proactive solution that pulls your customer's coverage status directly from the carrier to minimize gaps. Check out our website to learn more about our solutions for the property and auto industries. CheckMy Resident: https://hubs.ly/Q02YVhNZ0 CheckMy Driver: https://hubs.ly/Q02YVyQW0 #insuretech #autosales #insuranceverification #autolending #financing #leasing #insurancemonitoring #insurancetracking

Don’t put your vehicle at risk with haphazard insurance verification processes. Use CheckMy Driver to catch any gaps in your customer’s coverage before the car leaves the lot. Talk to our team to learn more: https://hubs.ly/Q02YVjV40 #insuretech #autosales #autoinsurance #insuranceverification #coveragegaps #riskmitigation

In September of this year, 13 of the largest property rental companies in Massachusetts received letters from legislators about their use of a leasing software alleged to be “aimed at maximizing prices for landlords” with its algorithmic pricing tool. The lawsuit by the DoJ suggests that this platform is facilitating illegal price-fixing schemes, citing the possibility of collusion between property companies through the software. When onboarding new tech, it’s easy to overlook potential legal issues. The reality is that property management systems are always a compliance risk, and it’s up to the business to vet its own vendors. Especially when it comes to renters insurance verification and monitoring, many property managers forget how much personally identifiable information is floating around. Working with a negligent provider could lead to your customer’s data falling into the wrong hands– and you paying the price for it. CheckMy Resident is SOC-2 certified, removing compliance risks with secure data management, encryption in transit and at rest, and additional measures like 2FA. Talk to our team to learn more. https://hubs.ly/Q02YLTBn0 #insuretech #proptech #propertymanagement #insuranceverification #soc2 #datasecurity #compliance

When it comes to upgrading your insurance verification process, the first thing you need to do is decide what kind of solution you’re looking for. Do you build a homegrown system, buy an out-of-the-box software, or something in-between? In our latest blog post, we dive into the current landscape of insurance verification tech, the tradeoffs of build vs. buy, and how Modives offers a comprehensive option to streamline your process. Read it here: https://hubs.ly/Q02YLVbp0 #insuretech #autosales #insuranceverification #software

Some awesome insights in this new podcast episode featuring our own Scott Trainor and Justin Silver. Check it out to learn more about how CheckMy Driver is unlocking valuable data for auto dealers.

Want to get a picture of just how bad auto insurance schemes are getting? Regulators in California this week uncovered a case of bear-faced fraud. ?? In January of this year, insurance companies received three different claims of luxury vehicles getting damaged by a bear, accompanied by video footage. The insurance claims totaled over $141,000. However, upon a closer look, investigators determined that the suspect on camera was “clearly a human in a bear suit.” This theory was confirmed when a bear suit was discovered at one claimant's home. As comical as this incident may seem, it's part of a larger trend of rising auto insurance fraud across the US, which can spark ripple effects including: - Rising insurance premiums for consumers, causing some to cancel their policies - Stricter claims processes, resulting in delays to getting paid out - Increased costs for dealership insurance CheckMy Driver makes insurance verification and monitoring easy so your dealership can stay protected. Talk to our team to learn how to get started. Check out the full news story: https://hubs.ly/Q02Yl32W0 #insuretech #autosales #insuranceverification #insurancefraud #autonews #california