Life Insurance Settlements says it was looking for a platform which could help it increase the processing speed and accuracy of its life settlement cases, while also helping it to navigate the strict regulatory and compliance requirements imposed on the industry.
Life Insurance Settlements will begin utilizing the system for processing life settlements immediately and expects to close in excess of $1 billion in face value over the next year.
David Dorr, founder of Life-Exchange, said, We’ve believed since we founded Life-Exchange that our technology would change our industry, and this is the first step. It’s a big boost for us to have the nation’s leading settlement broker join our program.
Dorr continues, Not only is it going to help LIS and their clients, but it provides us with the deal flow that comes with the distribution channels of a major market player.
