Covius

Overview

Covius is a business services company based in the United States, specializing in custom software and IT services. Founded in 1996, the company has grown to employ between 501 and 1,000 individuals and reported a revenue of approximately $146.57 million. Covius operates primarily in the financial services sector, providing solutions that include flood insurance testing and audit preparation. Their subsidiary, Clayton, engages with various clients such as banks and mortgage servicing rights (MSR) owners to ensure compliance with Federal Disaster Protection Act (FDPA) regulations. The company conducts thorough testing and auditing processes to identify and rectify regulatory violations, improve communication between banks and vendors, and enhance overall insurance servicing procedures. Additionally, Covius is involved in the home equity market, as evidenced by their recent initiatives aimed at developing new solutions in this area. The company emphasizes ongoing partnerships with clients to maintain compliance and improve operational efficiencies through continuous monitoring and support.

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