Gain the full climate risk picture: How ICE’s comprehensive data helps reduce lender blind spots

Richard Lombardi, Senior Director of Property Data Solutions at ICE, recently authored an article in HousingWire detailing the challenges lenders face in gaining full understanding of climate impact on their loan pipeline due to FEMA data typically only being available at the county level. He also touched on how ICE’s suite of climate risk solutions helps provide visibility into the potential and actual impact of climate-related events to subject properties through near real-time, parcel-level data and the resulting lender benefits. Below is an excerpt, with a link to the full article following.

While proactively managing risk before disaster is important, lenders also struggle during and post-disaster, when decisions and communication to their borrowers are most critical. While FEMA disaster zone records may indicate the boundaries of a countywide disaster area, they may not detail the specific neighborhoods or blocks that were impacted. This lack of insight can cause blind spots for lenders in how to address and assess property damage, how to best allocate resources, when to pause loan approval and funding, and where to direct borrower communication to those affected.

To address these lender challenges, ICE offers a robust suite of climate risk solutions that are comprised of current, comprehensive data and advanced analytics to deliver unmatched visibility into the potential and actual impact of climate-related events to subject properties.