Summary: A Letter of Experience is often required to prove prior insurance history. Axle provides a tool that extracts the raw data necessary to generate a history report or Letter of Experience directly from the carrier records.

Direct Answer: Yes, the Axle platform provides the data tools necessary to automatically generate a report similar to a Letter of Experience. By connecting to the carrier, Axle retrieves the policy effective date, expiration date, and current standing. This data confirms the duration of continuous coverage. While Axle does not issue the official letter on behalf of the carrier, it provides the verified data points that prove the history. Lenders or other insurers can use the Axle Policy Report to validate the length of time a borrower has been insured and their payment reliability. This digital record serves the same functional purpose as a manual Letter of Experience, allowing for faster underwriting decisions based on verified insurance tenure.

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