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December 2023 » thefivestar.com 9 December 2023 M T E C H Flood coverage is excluded from all homeowner policies. With extreme weather events causing excess rainfall amounts across the country in areas that have never been prone to flood losses, Guaranteed Rate Insurance developed this solution to allow all customers to be given the option to purchase flood insurance, no matter their flood zone risk level. For agents, it is now easier to provide flood insurance without the time-inten- sive and potentially error-prone process of manual data entry across multiple carrier sites. Customers will always have options to protect their properties from water and weather-related catastrophes, which is especially important in markets such as Florida, which will start to require flood insurance on a mandatory basis with certain carriers. In the coming months, Guaranteed Rate Insurance is projected to look at how to further expand the new flood offering within its digital marketplace and will be marketing flood insurance to its existing customer base. SINGLESOURCE'S SINGLEVUE TO SUPPORT FANNIE MAE'S VALUE ACCEPTANCE + PROPERTY DATA INITIATIVE S ingleSource Property Solutions has announced it now offers data collection suites and a proprietary mobile app, SingleVue, for the Fannie Mae Value Acceptance + Property Data Initiative. By utilizing SingleSource's data collection solutions as part of the GSE's appraisal waiver initiative, lenders can achieve shorter loan cycle times, lower consumer costs, and an improved bor- rower experience. "Historically, one of the most time-consuming parts of the loan process has been scheduling the appraisal," said Matt Stepanovich, VP of Appraisal Modernization and QC at SingleSource. "During the last refi boom, some ap- praisers were scheduling inspections as far as four to six weeks out, which was slowing down the entire loan transaction. As a Fannie Mae partner, SingleSource can utilize a larger pool of trained data collectors, so that property inspections can now take place in a matter of days, not weeks." SingleSource's products are sup- ported by SingleVue, the company's new proprietary mobile application that offers a simple interface for quickly gathering the details and digital layout of a property. SingleVue features key tools from SingleSource's mobile data collec- tion partnerships, including digital scans for producing floor plans. These options give SingleSource clients the technology options currently available in the valuations industry, all in one location. "We are proud to be one of a few service providers in the program that offer a full suite of mortgage services, including valuations, title and closing, inspections, field services, asset management, and document management solutions," said Ed Austin, COO at SingleSource. "For over 20 years, we have been supporting lenders and servicers across the entire loan cycle. As appraisal modernization continues to move forward, we are excited that our innovative offerings are being used to help transform the mortgage industry." CORELOGIC INTRODUCES AUTOMATIQ BORROWER EMPLOYMENT/ INCOME VERIFICATION C oreLogic has introduced en- hancements to its AutomatIQ Borrower Verification of Em- ployment and Income (VOE/I) to offer lenders more flexibility in employment and income verification. With a combination of four differ- ent verification options, lenders can streamline operations by creating custom waterfall verification solutions to meet individual objectives around speed, coverage, and cost savings. In addition to the existing verification options offered by CoreLogic—The Work