Fidelity National Financial Inc., a provider of products, services and technology solutions to the financial and real estate industries, announced that its LSI Market Intelligence division is now offering a Natural Disaster Condition Report to lenders nationwide.
Compiled using the company’s national network of nearly 30,000 real estate professionals, this inspection report provides lenders with detailed information regarding the condition of a specified property in the aftermath of a natural disaster.
For lenders with transactions pending mortgage funding in an area affected by a natural disaster, the Natural Disaster Condition Report helps them determine the existence and exterior condition of subject properties. Exterior structure features inspected for this report often include roof, siding, structural stability, garage, doors, windows and more. In addition to stating whether damage to specific exterior features has occurred, this report provides percentage ranges that indicate the degree of that damage and a photograph to support those findings.
The Natural Disaster Condition Report was created as a result of client requests to have a tool that would enable them to make informed decisions prior to distributing mortgage funding for potentially damaged properties. Previously, this report was only available to the clients involved in the initial requests for the solution.
The reported success of the report’s small-scale introduction has prompted the company to launch it nationwide.
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