New AI-Enabled Solution Delivers Accurate Data to Quickly Quantify Asset Underwriting Risks and Optimize Portfolio Profitability
Rocktop Technologies (Rocktop) and One Diligence, through their jointly managed QCMaiven platform, are empowering mortgage servicers and others managing affected assets to quickly identify and quantify new underwriting risks, and optimize the profitability of their portfolios, following intense storms and natural disasters.
Today, they are announcing the AI-enabled QCMaiven Natural Disaster Risk Evaluation solution which automates these operations at scale—reducing errors, omissions, and data processing delays that can ultimately lower portfolio returns.
“The rising costs and frequency of catastrophic climate and weather events in high population centers, compounded by a volatile homeowners insurance market, is contributing to the mortgage industry’s increased exposure. QCMaiven’s robust policy validation program is intended to reduce this growing gap,” said Cade Thompson, Co-President and Chief Growth Officer, Rocktop Technologies.
When natural disasters occur, servicers and others holding mortgage loans spend hours comparing insurance documents to confirm coverage and policy limitations. These operations are largely manual, leading to many opportunities for omissions or incorrect representations of risks.
QCMaiven’s Natural Disaster Risk Evaluation solution solves these problems—quickly delivering thorough and accurate reports for timely risk mitigation. It utilizes AI and ML models to automate the review and extraction of data from all files, spreadsheets and documents—normalizing and folding it into users’ systems for consistent analysis. After collecting all required data, QCMaiven reviews thousands of documents and generates reports within just a few days.
For more information, see QCMaiven.io.
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