FloodAssure® is the most comprehensive automated solution to efficiently assess and monitor flood insurance compliance for loan portfolios, and to keep them in compliance.
New and changing legislation, an overall increase in regulatory oversight, and heavy penalties for non-compliant loans present significant challenges for lending institutions.
“A wise lender knows their risk and when to take action.”— Jeff Woodward, VP & Director of FloodAssure®
The FloodAssure® Solution
Bring your loan portfolio into compliance and keep it there.
Reviews loan data for accurate flood zones and federal insurance requirements.
Facilitates Federal Emergency Management (FEMA) audits to verify NFIP policies-in-force.
Identifies all instances of non-compliance.
Issues required flood insurance policies through the NFIP.
Provides all required proof-of insurance documentation.
Offers on-line tools to help borrowers understand their risk for flooding and obtain flood insurance coverage.
FloodAssure® also includes Torrents flexible and modular Lender Compliance Toolkit, which allows mortgage professionals to easily select the needed components to assure that regulatory demands are addressed. As business and flood regulatory landscapes continue to evolve, adjustments and updated data can be accessed and incorporated effortlessly.