HAS YOU COVERED

FIRES. FLOODS. HURRICANES. TORNADOES.
Discover the residential and commercial properties likely
impacted with Veros's Disaster Vision.
FIRES. FLOODS. HURRICANES. TORNADOES.

VEROS HAS YOU COVERED

Discover the properties likely impacted
with Disaster Vision.
FIRES. FLOODS. HURRICANES. TORNADOES.

VEROS HAS YOU COVERED

Discover the residential and commercial properties likely impacted with Disaster Vision.

Disaster Vision

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 Disaster Vision data, you will gain the property and portfolio insight on the likely impact of the disaster to help you to emerge strong post-disaster.

Post Hurricane/Tropical Storm Ida Data

The Property-Level Insight Mortgage Originators & Servicers Need

Mortgage Origination

  1. Pinpoint properties where appraisals and the mortgage origination workflow has already started
  2. Prioritize origination opportunities within FEMA declared counties
  3. Base origination decisions at the property-level

Mortgage Servicing

  1. Prioritize property inspections based on their location to the core and buffer zone of the disaster
  2. Enhance borrower/homeowner relations by proactively identifying at-risk loans and rapidly initiating contact
  3. Instantly assess portfolio impact based on data

Try Disaster Vision for Free.

Select 50 properties and Disaster Vision will indicate the likelihood of the properties that may have been impacted by Ida and the market value of each property.

Disaster Vision Fills the FEMA Gaps To Pinpoint Properties Likely Impacted.

Logo of Disaster Vision by Veros

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.

2021 Disasters Tracked

Veros tracks all natural disasters at the property level. Here is an example of the current and past activity 

Event Date Status
Alabama + Georgia Tornadoes March 25, 2021 Tornado Get The Brief
Chicago Tornadoes June 20-21, 2021 Cover Chicago Tornado Report - Disaster Vision by Veros Get the Brief
Summer Wildfires July - active Actively Tracking
Hurricane/Tropical Storm Ida August 29 -31, 2021 Hurricane Ida Impact Report Cover Image Get the Report
View Previously Tracked Natural Disaster Events in 2020

Identify Commercial Property Losses Quickly

Veros Now Offers Commercial Property Insight Following a Natural Disaster

The Disaster Vision Advantage

Veros’s Disaster Vision 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 Vision 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 and commercial properties in the Core (inside the event) and 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 residential properties.

The Disaster Vision 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.

Three Ways to Access Disaster Vision

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

TO SPEAK TO OUR SALES TEAM

1.866.458.3767 Option 2

Features

View of Homes in Autumn

Veros Reports US Home Price Forecast Will Remain Strong Into 2022

“Veros continues to accurately predict robust appreciation throughout the overall housing market, which will remain solid and steady well into 2022,” said Darius Bozorgi, CEO of Veros Real Estate Solutions. “The continued year-over-year increase is heavily driven by strong markets in the Western United States. Four of the highest-performing markets are located in Idaho where in-migration continues to fuel housing demand.”

A view of hurricane over North America

Hurricanes and Their Surprising Impact on Home Prices

One question that naturally arises is how do hurricanes impact home prices after they hit? The answer may be surprising.

To investigate, we looked at a list of the 20 most expensive hurricanes on record (adjusted for inflation) in the US from the last 32 years.

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