WebinarsNavigating the Waters of the Flood Tracking Process  - Previous Event

We know servicers today face many challenges managing portfolios. Today’s extraordinarily active marketplace is truly putting market participants into overdrive as you continue to work toward mitigating risk, streamlining operations, minimizing losses, reducing costs and elevating the borrower experience.

The Flood portfolio is typically not a priority, as historically only around 2% of the total revised determinations are affected by an insurance change. However, to put that in perspective, in 2019, the industry was tracking 173 million loan determinations of which 5.5 million were affected by a map revision with 170,000 requiring an insurance change. Occasionally, the revised county affects a larger percentage of your portfolio. That is the time you want to make sure that your Flood vendor is only tracking your active loans so you are not notified of unnecessary insurance changes that are no longer active in your portfolio.

The question becomes: How to manage your Flood portfolio and what tools are available to make this process more efficient. Join ServiceLink Flood to get a firsthand look at all options available to make navigating the Flood tracking process more manageable and efficient.