The tool gives mortgage servicers access to data about natural disaster-impacted properties
Veros Real Estate Solutions has added a new enhancement to its disaster data tool, which enables mortgage services to determine the potential impact of the natural disaster to a portfolio at a property level.
The mortgage tech company updated its Executive Portfolio Dashboard Reporting to provide lenders, servicers, appraisal-management companies, and homeowners with information about a property likely impacted by a natural disaster within a few days after the event.
Additionally, the new dashboard visualizes the levels of exposure in a portfolio and displays potentially impacted areas with data acquired through satellite imaging, drones, and both public and proprietary data sources.
“Recently, we have seen an increase in the frequency of wildfires and weather-related events,” said Darius Bozorgi, CEO of Veros Real Estate Solutions. “Access to accurate, reliable, and actionable data about the impacted properties and homeowners is mission-critical for our clients. Providing data at the property level is tremendously important for servicers to prioritize their response quickly and efficiently.”
Other features of the Veros disaster data tool include:
- Pinpointing which borrowers to focus immediate outreach
- Prioritizing properties for property condition inspection
- Protecting servicers’ real estate assets
- Gaining an executive dashboard overview of portfolio exposure
- Maintaining compliance with GSE disaster policy regulations
