Advanced Data Corporation has unveiled its national flood order and compliance platform that enables lenders to order flood certifications with the click of a button.
“Our objective is straightforward: Deliver to lenders an automated flood service with the highest hit rates in the mortgage industry, fast turn times, unparalleled accuracy, and exceptional customer service,” said Allen Johnson, CEO of Advanced Data. “Lenders rely on us to ensure they comply with flood-related regulations, in addition to this compliance and in contributing to the success of our clients, Advanced Data is committed to innovation, quality and the highest level client experience.”
Nearly 20,000 flood certifications are ordered each day, proving that investors trust the quality of its comprehensiveness and rely on its instantaneous report results. The platform was designed with unlimited scalability, equipped to support the demands of lenders, and ensure they are compliant, even when they are at their busiest. The advanced technology platform is compliant with the Flood Disaster Protection Act of 1973 and the National Flood Insurance Reform Act of 1994.
Advanced Data’s Web-based flood certification order and compliance platform delivers the following features and benefits to lenders:
►Intuitive: The platform is easy to use, efficient, accurate, and removes the pressure from the lender’s staff.
►Monitoring: Lenders’ can easily order flood zone determinations and track order status.
►Communications: A completed order can be viewed online, delivered through email or by fax.
►Accuracy: The platform is standardized and orders can be verified before being submitted to Advanced Data.
►Revisions: The lender can correct addresses and revised determinations will be uploaded when they are completed.
►Expanded Search Options: A lender’s orders can be searched by a borrower’s name, loan number, property address, status of the order, and tracking ID.
►Life of Loan Transfer: A paid in full notification will be delivered online to the client, servicing transfer capabilities are supported, and new servicer certifications can be viewed and printed.