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MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 8 December 2023 M T E C H Act, which requires FEMA to disclose its NFIP claims and disaster aid data directly to property buyers and renters. Property buyers and renters have the right to know, and the legislation would confirm FEMA's authority to disclose this information under the Privacy Act. GUARANTEED RATE EMPOWERS AGENTS TO PROVIDE FLOOD QUOTES G uaranteed Rate Insurance LLC, a national insurance broker, released its proprietary private flood insurance API connection through its CRM platform, which allows its agents to provide flood quotes in all zones from multiple private flood providers. The quoting platform will present multiple flood quotes alongside home- owner quotes for properties in 48 states and Washington, D.C. The process of selling takes only a click from the agent, with confirmation of property details, coverages, and deductibles. In turn, the binding process takes only minutes. This new platform provides Guaran- teed Rate Insurance customers with an immediate way to receive and compare flood coverage as part of their homeown- er's insurance policy, directly at the point of sale. According to FEMA, "99% of U.S. counties have been impacted by a flood- ing event, and just one inch of water in- side a home could cause $25,000 or more in flood damage. Severe thunderstorms account for up to 70% of all insured nat- ural catastrophe losses in the first half of 2023," the Swiss Re Institute estimates. "Any agent who does not provide a flood quote is doing a disservice to their customer," said Jeff Wingate, EVP and Head of Insurance for Guaranteed Rate. "Our top priority is to equip our agents with the necessary tools to offer their customers a wide range of coverage options, empowering them to make in- formed decisions. Our technology team has done a tremendous job bringing these innovative tools to the market." Subscribe to MortgagePoint and MortgagePoint Digital now! Call 800.856.8060 to take advantage of our special introductory offer! Experts you trust. People you know. News you want. MortgagePoint is putting essential mortgage market news at your fingertips with our new digital edition, now available online via your smartphone, tablet, or computer. Enjoy the magazine at your desk, and tap into MortgagePoint Digital's easily accessible platform anywhere, anytime. Committed to giving originators, servicers, and all lending professionals access to smarter perspectives, MortgagePoint believes it's time to think differently about the mortgage industry. Because the American Dream is evolving . . . are you? Brought to you by & JUNE 2023 PROMOTING D&I IN THE MORTGAGE INDUSTRY NAVIGATING THE WILD, WILD WEST OF DIGITAL CLOSING PROVIDERS MORTGAGE LENDERS ARE MOVING QUICKLY TO ADOPT DIGITAL CLOSINGS. Also in this Issue: RETHINKING REVERSE MORTGAGE LENDING LENDERS TODAY ARE LOOKING AT REVERSE MORTGAGES AS ANOTHER LOAN PRODUCT TO ADD TO THEIR MENU OF OFFERINGS. Better Together Magazine Y O U R T R U S T E D S O U R C E F O R M O R T G A G E B A N K I N G A N D S E R V I C I N G N E W S