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Loss Mitigation

Houston Updates Building Codes in Floodplain

flooding

According to the National Hurricane Center, Hurricane Harvey caused $125 billion in damage during its rampage in August 2017. The storm killed damaged 203,000 homes and destroyed 12,700. Eight months after the storm, the recovery continues—and that recovery is about ...

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Finicity Partners with Ellie Mae

Data

Utah-based Finicity, a financial data aggregator specializing in credit decisioning, has announced an integration agreement with Ellie Mae, the cloud-based platform provider for the mortgage finance industry, to provide Finicity’s digital asset verification solution through Ellie Mae’s Encompass platform. The ...

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Home Valuations After Disaster Strikes

Now and then, Mother Nature reminds us of her power—but 2017 was outrageous. It was a record-breaking year for disasters. According to a recent New York Times report, the combined insured losses from Hurricanes Harvey, Irma, and Maria accounted for ...

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The Long-Term Impact of Hazard Mitigation

Benjamin Franklin once said that “an ounce of prevention is worth a pound of cure.” As regions such as Texas, Florida, California, and Puerto Rico struggle to recover from damaging natural disasters, the implications of those words for the mortgage, ...

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DIMONT Poised for Growth in Mortgage-related Insurance Services

The 2017 hurricane season destroyed thousands of homes, driving activity within the mortgage sector. Dallas-based DIMONT is part of the solution, actively helping borrowers settle claims with its expert team, evidenced by the recovery of more than $2 billion in hazard claims proceeds since 2010.

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