Fires. Floods. Hurricanes. Tornadoes.

VEROS HAS YOU COVERED

Discover the properties likely impacted with Veros Disaster Data

Fires. Flood. Hurricane. Tornadoes.

Veros Has You Covered

Discover the properties likely impacted with Veros Disaster Data

Veros Disaster Data

The Property & Portfolio Insight You Need When Natural Disasters Strike.

It’s not a matter if a natural disaster strikes, but rather when. And how prepared is your business and your customers to persevere through the consequences resulting from the natural disaster? With Veros Disaster Data, you will gain the property and portfolio insight on the likely impact of the disaster to help you to emerge strong post-disaster.

Veros Fills the FEMA Gaps To Pinpoint Properties Likely Impacted.

When disaster strikes – be prepared with the parcel-level information on how much – if at all – a specific property and your portfolio is impacted by a hurricane, wildfire, earthquake, flood or other disaster. Having access to this property level disaster provides you with a distinct advantage. When natural disasters strike, FEMA declares “disaster areas” to help speed assistance to impacted homeowners. But disaster area designations cover entire counties and flag every property in them, even though the disaster may have affected a small portion of properties. Sorting through the fog of disaster to get to the actual properties impacted results in loan-funding delays and necessitates costly property inspections at the portfolio level.

2020 Disasters Tracked

Here is the active list of natural disasters Veros tracks to provide data, analytics and insight on the people and properties impacted.

Event Date Status
Hurricane Delta October 12, 2020 Tracking
Hurricane Sally September 16, 2020 Tracking
Oregon Fires August 16, 2020 Tracking
Hurricane Laura August 27, 2020 Tracked
California Wildfires August 10, 2020 Ongoing – Tracked
Midwest Derecho August 10, 2020 Tracked
Apple Fire July 31, 2020 Tracking
Tropical Storm Isaias July 31, 2020 Tracked
Tropical Depression Cristibol June 08, 2020 Tracked
Michigan Dam Breach May 19, 2020 Get Brief
Texas Tornadoes April 22 – 23, 2020 Tracked
Easter Tornadoes April 12-13, 2020 Get Brief
Tennessee Tornadoes March 2, 2020 Get Brief
Pearl Flood Event February 10 – February 14, 2020 Tracked
Get the 2019 Natural Disaster Year In Review Impact Report Get Report
Understanding the Veros Disaster Data Video
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The Veros Disaster Data Advantage

Veros Disaster Data solution reports disaster impact at the parcel level, quickly leveraging geospatial data to map a core disaster polygon and surrounding buffer zone. It then locates the impacted properties within the polygon by lot boundary, zip code, and by physical address. So, you’ll know exactly which properties are likely impacted. And armed with this information, you will have the insight you need to:

  • Identify potentially damaged and high-risk properties
  • Prioritize property inspections based on their location to the core and buffer zone of the disaster
  • Accelerate clear-to-close time for unimpacted properties in the flagged disaster area counties
  • Base risk-based decisions on the most current disaster status information
  • Enhance borrower/homeowner relations by proactively identifying at-risk loans and rapidly initiating contact
  • Maintain compliance with GSE disaster policy regulations

Disaster Data is available on a “match and append” basis. It can also be delivered as a supplementary data set within our VeroVALUE AVM reports on a per-property basis.

The Core and Buffer Zones

The disaster data set from  Veros combines data and satellite imagery from multiple sources in near real-time,  indicating whether or not a specific parcel has been affected by the disaster. This disaster data provides accuracy more precise than FEMA, which uses county boundaries for its designations. Using parcel boundaries, latitude and longitude, address information and more, Veros creates two geographic areas that pertain to a disaster event:  residential properties in the Core (inside the event) and residential properties in the Buffer (within ½ mile outside of the core). If a property is located within the core or the buffer, it is not implicit that there is damage, but rather, an indication of the likelihood that a property may have experienced damage. The total VeroVALUE is based on the total market value of the impacted properties.

The Veros Disaster Data Difference

Tropical Storm Imelda struck parts of Texas and Louisiana on September 17- 23 2019, with rain, flooding and wind damage recorded in more than 30 counties across the two states. Veros Real Estate Solutions determined the potential number of residential properties that may have sustained some level of damage.

Veros Real Estate Solutions identified over 172,800 residential properties in the core of Tropical Storm Imelda and the damage to these homes resulted in a market value of $43.7 billion based on the predicative analytics available through the VeroVALUE AVM.

Source: FEMA.gov

Three Ways to Access Veros Disaster Data

Through VeroSELECT, the one valuation SaaS for all your property valuation needs, you can instantly order a VeroVALUE AVM which includes a property level indication if the property is located in a recent disaster area.

VeroVALUE-AVMs

Choose VeroVALUE AVM for a specific property indication of potential disaster impact, or evaluate your entire portfolio with VeroVALUE Portfolio.

With Match & Append, Veros will take your data file of property addresses and append both a VeroVALUE AVM as well as an indicator of each property and its location within the core area of the disaster, or in the immediate buffer around the core.

When Disaster Strikes… How Strong is Your Portfolio?
Veros Knows. Now You Can Too.

Plus, once you discover if a property is within the actual disaster area and may be affected, you will want to know if any actual damage occurred. A VeroPHOTO+™ property condition report (PCR) is the perfect solution to obtain your eyes on a property condition and value.

Don’t wait for a natural disaster to strike. Veros is prepared to help you today.

Get Started

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