Skip to main content

Advanced Data Unveils New Flood Order Product
Jun 02, 2015

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.

Jun 02, 2015
More from
Finance of America Fortifies Cybersecurity

Finance of America is partnering with Spera Security to mitigate identity security risks and safeguard sensitive data.

Nov 15, 2023
Fraud Fighting Funding

Survey reveals biggest pain points for Chief Information Security Officers are 3rd party risk management and AI security

Oct 23, 2023
A Quest For The Digitally Confounded

Blockchain might have a transformative potential for the future

Oct 03, 2023
Robots Can’t Relate

Incorporating ChatGPT into mortgages has some originators concerned if artificial intelligence is a friend or a foe

Sep 27, 2023
AI Can Revolutionize Mortgage Licensing

Will AI unlock efficiency and accuracy in licensing or will it be an added compliance risk?

Sep 18, 2023
Snapdocs Promotes Michael Sachdev to CEO

Founder Aaron King becomes executive chairman.

Sep 14, 2023