| 摘要 |
<p>A centralized automated apparatus (10) for lending institutions (16) to initiate (44), report (52), and confirm insurance coverage (34) on buildings (20) used as collateral for construction loans under a single builder's risk policy (15) provided by an insurance provider (14) with the lending institution (14) named as the named insured and the borrower/builder (18) named as additional insured. Coverage rates are computed for construction loans added to the system by the lending institution (16) using rate information provided by the insurance provider (14). Premium payments are transferred (46, 62) from the lending institution to the insurance provider for active loans from escrowed construction loan proceeds. The apparatus provides management reports (52) for the lending institution (16) and the insurance provider (14) of new loans (54), active loans (56), funds transfer s for reconcilation (53, 32), premium payments and repayments for closed loans (58, 64), and loss evaluations (60).</p> |
