Leverage Disaster Data to Manage Your Pipeline This Hurricane Season
Hurricane season begins June 1 and extends to November 30, which means six months of major weather events lie ahead. Early predictions for the 2022 hurricane season indicate above-average activity – forecasting 19 named storms and nine hurricanes*.
With climate change revving up and racking up property damage, mortgage lenders and servicers need systems in place to help them form fast, informed responses to natural disasters that keep homeowners and their homes safe.
Learn more about AIP Early Warning Suite and how it can provide the information you can use to take the right action at the right time. Schedule a Demo Today!
Identifies Pre-FEMA-declared disaster
Provides information days, weeks, even months ahead of federal data
Pinpoints the impact area
Identifies the potential impact area down to the property address level
Finds affected pipeline loans
Matches the affected addresses with loans in your pipeline and updates daily
Quantifies potential loss
Shows potential impact in dollars
Provides seamless notifications
Triggers a disaster flag on loan files
Enables you to act right away
Helps you make informed decisions and proactively contact customers
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How does the Early Warning Suite work?
The solution identifies the impact area of a pre-FEMA-declared disaster at the property level, then matches affected properties to your pipeline loans. You can also see data/visualizations in the Actionable Intelligence Platform℠ (AIP℠). The information is updated daily to account for changing disaster conditions.
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How can it help my organization?
- It provides visibility into pipeline risk
- It enables you to quickly pivot and make the right decisions
- It helps you manage performance/staff as a natural disaster’s course changes
- It offers early, reliable data so you are better positioned to mitigate risk
- It prevents you from closing on a loan in the crosshairs of a disaster
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How is the information delivered?
Data and analytics are delivered through pre-configured visualizations via the AIP, while impacted loans are automatically flagged.
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What are the benefits?
It enhances customers’ experience by keeping them informed of next steps.
It reduces financial exposure by protecting you from closing on impacted loans.
It improves efficiencies by automating a manual process.
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How fast can I get started?
If you’re already an AIP customer, you can have the Early Warning Suite up and running in just a matter of weeks.
*Data from: https://tropical.colostate.edu/forecasting.html