AmeriSave Cuts Insurance Verification Work in Half with Canopy Connect

Canopy Connect today released results from a 90-day pilot with AmeriSave, showing a 56% reduction in homeowners insurance verification work.

BEAVERTON, OR, UNITED STATES, October 28, 2026 /EINPresswire.com/ — AmeriSave, a technology-forward mortgage lender with more than 24 years in business, and Canopy Connect, the leading insurance verification platform, today announced results from AmeriSave’s rollout of Canopy Connect across its mortgage pipeline. Compared with its manual insurance process, AmeriSave has cut insurance verification work by 56% and reaches clear-to-close 1.2 days faster on loans with Canopy documents.

AmeriSave was early to give borrowers secure digital connections to their bank accounts and payroll providers. Insurance verification remained the manual step, relying on emails, faxes and calls to insurance agents, along with borrower uploads that often failed review. With Canopy Connect, borrowers log into their insurance carrier through a secure connection, and verified policy documents arrive directly from the source. AmeriSave went live one week after signing.

Compared with AmeriSave’s manual insurance verification process, loans verified through Canopy Connect saw:

-56% less insurance verification time per loan, 53% fewer processor touchpoints, with requests to insurance agents nearly eliminated

-7x fewer document failures than manually collected insurance documents, with zero fraud flags across nearly 3,000 documents

-1.2 days faster to clear-to-close, with the insurance condition closing 13% faster

Borrowers also stayed engaged. Loans with documents from Canopy Connect saw a 5-point lift in pull-through from sale to underwriter approval, compared with loans where documents were not retrieved. Nearly two in three borrowers who opened the Canopy Connect flow completed it, more than double AmeriSave’s 30% target, and 82% of Canopy documents arrived before the loan entered processing.

“That is time we didn’t have to spend chasing an insurance document down from a customer or an insurance agent. So what do we do with the remaining time? We close more loans,” said Magesh Sarma, Chief Operating Officer at AmeriSave. “We’re getting it from the source of truth, so the information is not altered in flight. What we get, we can depend on.”

“AmeriSave has built one of the most digital borrower experiences in mortgage lending, and now insurance verification matches the rest of it,” said Tolga Tezel, founder and CEO at Canopy Connect. “Their results show what lenders gain when insurance data comes straight from the carrier: processors spend less time chasing documents, and borrowers get to closing faster.”

Read the full AmeriSave case study here.

About Canopy Connect, Inc.
Canopy Connect is the leader in insurance verification technology, giving businesses the ability to retrieve verified insurance information directly from insurance carriers in seconds and deliver data directly into other systems via API. Through its consumer consent-driven data sharing technology and secure cloud infrastructure, Canopy Connect’s solutions allow lenders as well as insurance agencies, carriers, auto dealers, insurance innovators, and other businesses to deliver delightful, intelligent, and frictionless insurance services.

Learn more about Canopy Connect at www.usecanopy.com

About AmeriSave
AmeriSave is a technology-forward mortgage lender with more than 24 years in business, serving borrowers in every state except New York, plus Washington, D.C. Its product lineup spans conforming, FHA, VA and USDA loans, home equity loans and HELOCs, and non-QM options such as DSCR and bank statement loans.

Learn more about AmeriSave at www.amerisave.com

Ray Huang
Canopy Connect, Inc.
+ +1 415-669-4646
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Written By: EIN Presswire