| Hazard Impact Tracker (HIT) |
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Track your Portfolio Against Real-Time Natural Hazard EventsWhen it comes to natural hazards, the question isn't if but when. Ensure your hazard awareness with Hazard Impact Tracker (HIT), First American's revolutionary portfolio risk exposure tool, providing near real-time reports of zip codes affected by a natural hazard event. In contrast to other natural hazard assessment methods that report all zip codes in a county as affected, HIT narrows the impacted areas to the zip code level to increase efficiency of operations.
Many lenders' current hazard-assessment methods rely on federal disaster declarations, which identify counties affected by a natural hazard event. The federal data is often released many days post-event, resulting in costly delays in hazard response. In contrast, HIT provides zip code level reporting in near real-time. Utilizing a proprietary process that aggregates data from multiple sources, HIT's database continuously monitors the nation for all natural hazard activity ranging from small, regional events to mega catastrophes. Enhanced accuracy and event coverage allows lenders to respond quickly and efficiently to better support productivity, compliance and profitability.
Origination SolutionsWith short term monitoring from HIT, a pending loan can be tracked to view possible exposure to natural hazard events from loan application to close date. HIT also offers on-demand reports of a single property's historical exposure based on years of hazard data. These reports assist in prioritizing property inspections and determining the scope of inspection and skill level of the inspector. Continuous near real-time monitoring and historical reporting allows for faster closing and enhanced business continuity. HIT can assist you with the following:
Detailed Hazard Information
Default SolutionsHIT is the solution to efficiently mitigate default and loss exposure. Our product filters your portfolio for affected properties immediately after an event, resulting in a dramatic decrease in the number of properties reported as possibly damaged. HIT can assist you with the following:
Detailed Hazard Information
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| Last Updated on Wednesday, 19 August 2009 11:51 |