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 RAND Corporation study determined up to 25% of properties requiring flood insurance do not have coverage. Independent studies place the percentage of non-compliant mortgages in excess of 50% of owner occupied households.

2012 flood insurance reform legislation increased maximum civil monetary penalties (CMP) for non-compliance up from $350, to $2,000 per incident. Previously there was a $100,000 annual maximum CMP that could be assessed. That upper limit has now been removed.

It's a dangerous forecast on a national scale: $4,964,972,000 Billion in potential civil monetary penalties.

“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

Reviews loan data for accurate flood zones and federal insurance requirements.

Facilitates of Federal Emergency Management (FEMA) audits to verify NFIP policies-in-force

Facilitates Federal Emergency Management (FEMA) audits to verify NFIP policies-in-force.

Identifies of all instances of non-compliance

Identifies all instances of non-compliance.

Issues required flood insurance policies through the NFIP

Issues required flood insurance policies through the NFIP.

Provides all required proof-of insurance documentation

Provides all required proof-of insurance documentation.

Offers on-line tools to help borrowers understand their risk for flooding and obtain flood insurance coverage

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.

With FloodAssure®, lending institutions can rest assured that their loan portfolios meet and remain in compliance.

To get started, contact Torrent at info@torrentcorp.com or (877) 486-7736.

Contact Torrent