Disaster Analysis Inspection
Natural disasters may damage a property you are closing - Are you prepared?
Natural disasters are often unpredictable and can lead to partial or complete devastation
of a property. Lenders need to mitigate the risk of closing a loan on a property
with structural damage or incurring a defaulted loan because of a natural disaster.
ISGN’s Disaster Analysis Inspection (DAI) services can assist Lenders in determining
if a property has been damaged.
Our DAI services provide a lender with local level information on the severity of
the event, streets impacted, and level of damage to the collateral. In certain cases,
local authorities preclude access to the properties until they can ascertain the
level of damage.
Our network of real estate agents and appraisers are trained to provide the ‘eyes
on the ground’ and deliver photos and narrative descriptions of the properties and
level of damage. This provides the lenders with the comfort of knowing the condition
of the property and can close the loan without conditions.
We also provide a list of zip codes impacted by a disaster so the lender can review
their portfolio of loans and determine loans in these areas which could benefit
from a site inspection. ISGN can work with the lender to drill down deeper so that
only areas of immediate impact are inspected, to reduce cost exposure