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The Week Ahead: Spotlight on Disaster Preparedness

On Wednesday, July 25, 2018, the Five Star Institute’s Disaster Preparedness Summit at the Hyatt Regency in Dallas, Texas will focus on strategizing best practices for servicers for future disaster response. Hosted by DIMONT, and Five Brothers Asset Management Solutions the invitation-only Summit will bring together representatives from the mortgage servicing industry along with government representatives from Fannie Mae and FEMA to collaborate on strategizing best practices for future disaster response.

The summit is co-hosted by Auction.com, Apex Asset Management Group, ArkForecast, Cyprexx, DLS Servicing Consultants, Laudan Properties, Mortgage Contracting Services, Vacant Property Specialists, RES.NET, and WeatherCheck. It will focus on answering questions like, how can servicers better communicate with homeowners in the aftermath of a disaster? What changes can be implemented to help combat fraud? How can the industry work to improve cohesion, understanding, and speed to execution?

Some of the key topics that will be discussed include a review of 2017's disaster impact, the outlook for 2018 disaster areas, how to service loans in impacted areas, and strengthening the relationship between servicers and customers.

Here's what else is in store in The Week Ahead:

  • NAR Existing Home Sales, Monday, 10 a.m. EST
  • FHFA Home Price Index, Tuesday, 9 a.m. EST
  • MBA Mortgage Applications, Wednesday, 7 a.m. EST
  • New Home Sales Report, Wednesday, 10 a.m. EST
  • Freddie Mac Mortgage Rates, Thursday, 9 a.m. EST
  • GDP, Friday, 8:30 a.m. EST

Learn more about Disaster Preparedness and other housing trends:

Mortgage Servicing Industry Braces for Next Disaster

HUD Greenlights $5B Texas Disaster Recovery Plan

Pending Home Sales Underperform for Fifth Straight Month

About Author: Radhika Ojha

Radhika Ojha, Online Editor at the Five Star Institute, is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Dallas, Texas. She can be reached at Radhika.Ojha@DSNews.com.
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